Which of the following is a fundamental principle of ethics in the IESBA Code of Ethics (and ACCA's Code of Ethics and Conduct)?
Answer and explanation
Correct answer: C. Professional competence and due care
- Step 1: The five fundamental principles are integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
- Step 2: Professional competence and due care is one of them.
Answer
Professional competence and due care.
Why not the others: Profit maximisation: This is a business aim, not an ethical principle for accountants. Client satisfaction: Serving clients matters, but it is not one of the fundamental principles. Cost efficiency: This is a business objective, not an ethical principle.
Practise more Personal effectiveness, communication and ethics.
Free questions with an explanation for every one, and full timed ACCA Applied Knowledge (BT, MA, FA) mock tests.
More Personal effectiveness, communication and ethics questions
- A manager has the following tasks: a report due tomorrow for the board (urgent and important), reading trade magazines (not urgent, not impo…
- Which conflict-handling style in the Thomas-Kilmann model aims to satisfy both parties fully through problem solving?
- Two departments both want the same limited budget, and their managers argue over who should receive it. What is the most likely source of th…
- In the communication process, what is the term for anything that interferes with the message being received correctly, such as background di…
- An accountant needs to send complex numerical results to the finance director, who wants a record of them. Which method of communication is…
- An accountant tells a friend over dinner about a client's unannounced plans to sell a division. Which fundamental principle has been breache…