Professional Responsibility

AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

Question

Which of the following is true about assurance engagements?

A They are an alternative to an audit

B The subject matter is the responsibility of the professional accountant

C Assurance engagements can either have reasonable (high) or limited (moderate) levels of assurance

D There is no risk for the professional accountant

Answer

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Tags: Assurance engagements, Limited assurance, Professional Responsibility, Reasonable assurance
Level: Level 3

Topic: Assurance Services

BMIS – L1 – QD10 – Professional ethics in accounting and business

Describe differences between business and professional codes of ethics for accountants.

Question

(a). Describe the main differences between a business code of ethics and a professional code of ethics for accountants.

(b). List five situations in which an accountant in business might face a moral or ethical dilemma. Provide guidance as to what constitutes appropriate behaviour in each situation.

(c). What is meant by acting in the public interest?

Answer

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Tags: Accountants, Ethics, Professional Responsibility, Public Interest
Level: Level 1

Topic: Professional and Ethical Considerations

Tag (SQ): Professional Responsibility

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AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

BMIS – L1 – QD10 – Professional ethics in accounting and business

Describe differences between business and professional codes of ethics for accountants.

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AAA – L3 – SA – Q4.9 – Assurance services

What is true about assurance engagements?

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BMIS – L1 – QD10 – Professional ethics in accounting and business

Describe differences between business and professional codes of ethics for accountants.

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