CIMA BA4 · Chapter 1 · Question 3 of 10
Why is ethical behaviour particularly important for professional accountants?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Because they have a responsibility to act in the public interest, not only to satisfy an individual client or employer
Explanation
A distinguishing mark of the accountancy profession is its acceptance of a responsibility to act in the public interest. Users of financial information such as investors, lenders and government rely on accountants' integrity. Ethics supplements technical standards rather than replacing them.
More Business ethics and the role of the professional accountant MCQs
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- Q8Which of the following is the best example of an organisation acting with social responsibility rather than merely complying with the law?
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