ACCA BT · Chapter 14 · Question 9 of 11
Which of the following is an example of a safeguard created by the profession, legislation or regulation, rather than by the work environment?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Continuing professional development requirements
Explanation
Safeguards created by the profession, legislation or regulation include educational and experience requirements for entry, continuing professional development, corporate governance regulations, professional standards and external review. Internal reviews, staff rotation decided by the firm, and employer whistleblowing procedures are safeguards in the work environment.
More Professional ethics in accounting and business MCQs
- Q11ACCA's Code adopts a conceptual framework approach to ethics. Which of the following best describes this approach?
- Q1Which of the following is NOT one of the fundamental principles in the ACCA Code of Ethics and Conduct?
- Q2Which fundamental principle requires a professional accountant to be straightforward and honest in all professional and business…
- Q3An accountant tells a friend at a dinner party about the financial difficulties of a client, naming the client. Which fundamental…
- Q4An accountant is asked to prepare a complex valuation in an area in which she has no experience, with a tight deadline and no access to…