An accountant carries out a task for which she has not had the right training and makes a serious error. Which fundamental principle has she breached?
Answer and explanation
Correct answer: D. Professional competence and due care
- Step 1: The accountant should only take on work she is competent to do, or get help.
- Step 2: Acting without the necessary competence breaches professional competence and due care.
Answer
Professional competence and due care.
Why not the others: Objectivity: Objectivity concerns bias and conflict of interest. Confidentiality: Confidentiality concerns the disclosure of information. Integrity: Integrity concerns honesty and straightforward dealing; here the error came from lack of skill.
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