• 1 Marks

BL – Nov 2021 – L1 – SA – Q7 – Agency Law

Determining consequences of a breach of ethical codes for professionals.

The consequence of a professional committing a crime could be a jail term. What is the consequence for a professional who commits a breach of ethical codes?
A. A fine payable to court
B. Withdrawal of professional licence
C. A suspended jail term
D. A fine payable to the Institute of Chartered Accountants of Nigeria
E. Reference to the Economic and Financial Crimes Commission for investigation

B

Explanation:
The withdrawal of a professional license is the most severe penalty for breaching ethical codes, as the individual would no longer be able to practice their profession.

Back to all questions

Pick a Form

Professional Tutor Application Form
Academic Tutor Application Form
Student Tutor Application Form