1) ….. are the set of moral principles that guide a person behavior. a) Ethics  b) Trustworthy c) Honest d) Discipline 2) Which of the following is one of the ethics in accounting? a) Trustworthy b) Double entry c) Consistency d) Realisation 3) ……in accountancy refers to a set of beliefs about what is right and wrong in the accountancy a) Ethics  b) Trustworthy c) Discipline d) Honest 4) Which one of the following is not an ethical practice in an organization? a) Discipline  b) Incompetency c) Integrity d) Trustworthy 5) Which one of the following is not a characteristic of accountability? a) Accounting for one’s action and results  b) Letting one’s actions rise above their excuses c) Responsibility to perform a specific function d) Respecting the confidentiality of information 6) ..... is the impositions of obligations on an accountant to comply with relevant laws and regulations a) Confidentiality  b) Discipline c) Mistrust d) Integrity 7) ……. Allows investors and other stakeholders to trust the information received. a) Integrity  b) Honest c) Accountability d) none of the above 8) ……………… answering or accounting for one’s actions a) Accountability b) Integrity c) Honest d) Discipline 9) The accountant should not disclose any important information to third parties because this results in breach of …. a) Confidentiality b) Reliability c) Loyalty d) Trust 10) When accountants in the firm adhere to professional code of ethics, this would result in clients developing ………… in the firm as decisions would be made in their best interest a) Trust b) Reliability c) Loyalty d) dependence

ETHICS IN ACCOUNTANCY: - Explain ethics in accountancy (2)

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