CAF-8 · Chapter 13 · Question 18 of 20
An audit firm accepts an engagement to audit a complex cryptocurrency exchange despite having absolutely no staff with IT or blockchain experience. Which fundamental principle is directly violated?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Professional Competence and Due Care
Explanation
Professional Competence and Due Care requires a chartered accountant to attain and maintain professional knowledge and skill, and only accept engagements they are competent to perform based on current technical standards.
More Professional Ethics and Code of Conduct MCQs
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