ICAEW SE · Chapter 8 · Question 2 of 18
An accountant is asked to evaluate a supplier tender in which her brother is one of the bidders. Which fundamental principle is most at risk?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Objectivity
Explanation
Objectivity requires accountants to exercise professional judgement without being compromised by bias, conflict of interest or undue influence of others. A close family relationship with a bidder creates a risk that her judgement will be biased. She should disclose the relationship and withdraw from the evaluation.
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