CAF-8 · Chapter 13 · Question 15 of 20
According to the ICAP Code of Ethics, the principle of 'Integrity' strictly requires a chartered accountant to:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Be straightforward and honest in all professional and business relationships.
Explanation
The fundamental principle of Integrity implies fair dealing, truthfulness, and being straightforward and honest. It also requires the accountant not to be associated with reports they believe contain materially false or misleading statements.
More Professional Ethics and Code of Conduct MCQs
- Q17An audit manager has been leading the audit of the same listed client for the past 9 years and has become close personal friends with the…
- Q18An audit firm accepts an engagement to audit a complex cryptocurrency exchange despite having absolutely no staff with IT or blockchain…
- Q19A junior auditor notices a minor error in the client's calculations. Instead of reporting it, the junior auditor accepts a lavish, highly…
- Q20What is the primary purpose of the 'Conceptual Framework' approach within the ICAP Code of Ethics?
- Q1Which ethical principle requires an auditor to be straightforward and honest in all professional and business relationships?
