• 1 Marks

AAA – Nov 2012 – L3 – SA – Q8 – Ethical Issues in Auditing

Identifying behaviors not generally applicable as unethical in financial services.

In a recent study involving different users of financial services in Nigeria, various types of unethical behaviour have been identified. Which of the following does NOT have general application in the industry?

A. Any act that does not follow the norms of a profession
B. Any act not in consonance with professional code of conduct
C. A conduct that is morally adjudged wrong, unbecoming, and below expectation
D. Behaviour that is based on moral or pre-modial principles
E. Deviations from standard and known code of conduct guiding an operation

D. Behaviour that is based on moral or pre-modial principles

Explanation:
The correct answer is “D” because behavior based on personal moral or primordial principles does not have a general application in the financial services industry. Unethical behavior in this context is typically defined by established professional codes and industry standards, rather than individual or culturally specific moral values.

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