ICAEW SE · Chapter 7 · Question 14 of 18
Which of the following is part of ICAEW's regulatory role in maintaining public trust?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Investigating complaints about members and firms and taking disciplinary action where appropriate
Explanation
ICAEW acts as a regulator of its members and firms, including monitoring firms, investigating complaints and taking disciplinary action. These measures help ensure that members comply with professional standards. Setting tax rates, prosecuting criminal offences and appointing directors are not ICAEW's role.
More Ethics and public trust MCQs
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- Q18An accountant faces a situation that is not specifically addressed anywhere in the ICAEW Code of Ethics. What should the accountant do?
- Q1According to the ICAEW Code of Ethics, what is a distinguishing mark of the accountancy profession?
- Q2In the context of governance, what does 'accountability' mean?