PRC-3 · Chapter 6 · Question 3 of 68
The concept of 'Professional Competence and Due Care' requires an accountant to:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Maintain professional knowledge and skill at the level required to ensure clients receive competent professional service
Explanation
Professionals have an ongoing duty to maintain their professional knowledge and skill to ensure a competent level of service based on current developments in practice, legislation, and techniques.
More Business Ethics MCQs
- Q5What does a formal 'Code of Ethics' (or Code of Conduct) achieve within an organization?
- Q6A lower-level employee observes the factory manager continually dumping toxic waste in a local river at night to save disposal costs. The…
- Q7An executive learns in a closed-door meeting that his company will successfully acquire a major rival next week. He immediately buys…
- Q8A pharmaceutical firm voluntarily decides to manufacture generic antibiotics at zero profit margin and distribute them for free in…
- Q9Why is 'Tone at the Top' considered the most critical factor in establishing an ethical corporate culture?