Which ethical threat relates to accountants promoting an employer or client\'s p
ID: 2340755 • Letter: W
Question
Which ethical threat relates to accountants promoting an employer or client's position to the point that their objectivity is compromised?
Self Review
Advocacy
Self Interest
Familiarity
Which ethical threat relates to accountants placing their personal gain over that of the organisation or others?
Self Interest
Self Review
Familiarity
Advocacy
In Australia, the 'mandatory partner rotation' law prevents the same auditor from auditing a client for 6 years in a row. This regulation was introduced to prevent which ethical threat:
Familiarity
Advocacy
Confidentiality breaches
Self Interest
Self Review
Advocacy
Self Interest
Familiarity
Which ethical threat relates to accountants placing their personal gain over that of the organisation or others?
Self Interest
Self Review
Familiarity
Advocacy
In Australia, the 'mandatory partner rotation' law prevents the same auditor from auditing a client for 6 years in a row. This regulation was introduced to prevent which ethical threat:
Familiarity
Advocacy
Confidentiality breaches
Self Interest
Explanation / Answer
SOLUTION =
ANSWER 1) ADVOCACY THREAT = THE THREAT THAT AN ACCOUNTANT PROMOTING AN EMPLOYER OR CLIENT'S POSITION TO THE POINT THAT THEIR OBJECTIVITY IS COMPROMISED.
ANSWER 2) SELF INTEREST THREAT = THE THREAT THAT RELATES TO ACCOUNTANT PLACING THEIR PERSONAL GAIN( FINANCIAL OR OTHER) OVER THAT OF THE ORGANISATION OR OTHER.
ANSWER 3) FAMILIARITY = THE LAW IS INTRODUCED TO STOP THREAT RELATES TO LONG RELATIONSHIP WITH CLIENT OR EMPLOYER , ACCOUNTANT MAY DEVELOPED SOFT CORNER OR SYMPATHY WHICH EFFECT HIS PROFESSINAL WORK.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.