Confidentiality means that an accountant in business has a loyalty to the business which employs him or

Question:

‘Confidentiality means that an accountant in business has a loyalty to the business which employs him or her which is greater than any commitment to a professional code of ethics.’ Discuss.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting And Reporting

ISBN: 9781292255996

19th Edition

Authors: Barry Elliott, Jamie Elliott

See More Books

Question Posted: Nov 03, 2022 01:28 AM

See More Questions

A business hires a professional accountant like a CA or CGA to assess the financial condition of the company. Why would the business also employ a private accountant?
The IFAC's Code of Ethics for professional accountants lists a number of fundamental auditing principles. Discuss to what extent such principles may mean different things in different countries.
A code of ethics is an important element of a fraud prevention program. Which of the following would diminish the effectiveness of a companys code of conduct? a. The establishment of a chief ethics...
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 2 + i i
What can the residuals from a regression tell us about possible violations of assumptions for regression?
Chicago public libraries collect data on the number of visitors and the number of library computer wifi sessions. A regression analysis was conducted using yearly totals for 2013. Assume the...
What adaptations have you had to make to cope with these values? LO.1
A client, Carolyn Goode, requires 10 partner labor hours and 25 professional associate hours from Harris and Whelan, the law firm in E9-5. Partners are paid $125 per hour, and associates make $60 per...
As of December 31, 2014 ABC Realty had partners' capital of $1500. During 2015 ABC Realty had rental income and expenses in the amonts of $1950 and $1000 respectively. In addition, during 2015 ABC...
1. For a deep discounter, should price be the only element of the retailers strategy that is promoted? Explain your answer. 2. In advertising prices, does Walmart have to enact the same prices for...
Refer to the Ernst & Young Code of Conduct and discuss the questions they suggest when putting their Global Code of Conduct into action.
An interesting ethical case arose when an employee of a Swiss bank stole records of the accounts of international investors. The records were then offered for sale to the German government on the...
Find an equation of the tangent to the curve at the given point. y = 4 sin 2 x, (/6, 1)
The COVID pandemic has created a crisis for many restaurateurs. The author of one of this week's readings has a suggestion that he thinks could help restaurants survive the crisis. Read the article...
Evidence is used to make a decision whenever the decision follows directly from the evidence (Tingling & Brydon, 2010). This is where so many people get it wrong or going by their personal beliefs or...
Pick 2 countries, find the price of a Big Mac in each country (if you want to pick another good/service, go ahead), express the price in the local currency, then with the help of exchange rate,...
Your task is to educate the public about the role of the Fed in the economy. Role: You are an economic issues reporter for PBS. Audience: Television audience of The Newshour on PBS Situation: Your...
Trade Queens Limited is a highly successful FMCG in Zambia. Salient points from the Year-end report indicate the following: Operating profit for the 2022 financial year is up 60% year on year,...
The following cash transactions occurred in five real-world companies: 1. During the third quarter of 2016 (July 1 through September 30), Ford Motor Company paid approximately $31.5 billion in...
Borrowing costs should be recognised as an expense and charged to the profit and loss account of the period in which they are incurred : A. If the borrowing costs relate to qualifying asset B. If the...
Gamma plc had an issued share capital at 1 April 20X0 of: 200,000 made up of 20p shares. 50,000 1 convertible preference shares receiving a dividend of 2.50 per share: These shares were...
Delta NV has share capital of Alm in shares of 0.25 each. At 31 May 20X9 shares had a market value of 1.1 each. On 1 June 20X9 the company makes a rights issue of 1 share for every 4 held at 0.6 per...
The following information is available for X Ltd for the year ended 31 May 20X1: Net profit after tax and minority interest ... 18,160,000 Ordinary shares of 1 (fully paid) ..... 40,000,000 Average...
Accounting changes fall into one of three categories. Identify and explain these categories and give an example of each one.
Machinery is purchased on May 15, 2015 for $120,000 with a $10,000 salvage value and a five year life. The half year convention is followed. What method of depreciation will give the highest amount...
Flint Corporation was organized on January 1, 2020. It is authorized to issue 14,000 shares of 8%, $100 par value preferred stock, and 514,000 shares of no-par common stock with a stated value of $2...

Confidentiality means that an accountant in business has a loyalty to the business which employs him or

Question:

Step by Step Answer:

There are a few different interpretations of confidentia...View the full answer

Financial Accounting And Reporting

Students also viewed these Business questions