PRC-3 · Chapter 6 · Question 43 of 68
An auditor realizes she lacks the complex technical knowledge required to audit a new cryptocurrency client, but she proceeds anyway without seeking help. Which principle did she violate?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Professional competence and due care
Explanation
Professional competence and due care require professionals to only take on tasks for which they have the necessary up-to-date skills and knowledge.
More Business Ethics MCQs
- Q45A factory worker discovers that management is secretly dumping toxic chemicals into the local water supply. After internal complaints are…
- Q46An employee uses a specific ethical decision-making framework that requires asking three sequential questions: 'Is it ethical?', 'Is it…
- Q47The fundamental ethical principle that explicitly requires a professional chartered accountant to be straightforward, fair, and totally…
- Q48A senior auditor is tasked with evaluating a company, but his wife is the Chief Financial Officer (CFO) of that exact company. He proceeds…
- Q49During a casual dinner with friends, an accountant reveals that her client, a famous local restaurant, is secretly going bankrupt. Which…