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If we know that we are proper objects of approval, we can: a)Avoid being judged

ID: 2603180 • Letter: I

Question

If we know that we are proper objects of approval, we can:

a)Avoid being judged by others

b)Be somewhat indifferent to the applause and censure of others

c)Avoid the censure of others

d)Be guaranteed to receive the applause of others

Per the AICPA Code of Conduct,” the principle of ________ imposes the obligation to be impartial, intellectually honest and free of conflicts of interest”

Self-interest

Objectivity

Due Care S

ensitivity

Per the AICPA Code of Conduct, accountants must avoid _______ of their judgment

a)Questioning

b)Subordination

c)Training

d)Harmonization

In order to survey our own feelings and motives, it is essential to:

Decide what we really want in life

Get in touch with our own feelings

View them at a distance from ourselves

Follow our intuitions

Auditors are periodically punished for holding an investment in a client. This violates which ethical rule?

Independence.

Integrity.

Non-compliance with GAAP.

Confidentiality

Explanation / Answer

1) Option (A) Avoid being judged by others

2) Option (B) Objectivity

Objectivity imposes the obligation to be impartial, intellectually honest, and free of conflicts of interest.

3) Option (B) subordination

4) Option (A) Decide what we really want in life

5) Option (A) independence

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