Which is a likely consequence of unethical behaviour by a professional accountant?
Answer and explanation
Correct answer: B. Disciplinary action and loss of public trust
- Step 1: Unethical behaviour affects the accountant, the firm and the wider profession.
- Step 2: Consequences include sanctions, reputational harm and loss of trust.
Answer
Disciplinary action and loss of public trust.
Why not the others: Fee income is more likely to fall. Regulation is not removed because of misconduct. Regulators would view misconduct unfavourably.
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