16)Which of the following ethical principles states that A professional accountant should be straightforward and honest in all professional and business relationships

a.

Integrity

b.

Professional competence

c.

Professional behavior

d.

Objectivity

17)Which of the following is not a code of ethics for professional accountants?

a.

Professional competence

b.

Objectivity

c.

Professional behaviour

d.

Communication skills

18)Which among the following is untrue in respect of segregation of duties?

a.

Single individual doing different jobs cant carry out and conceal errors easily

b.

It is the basic, key internal control system in an organisation

c.

No single individual should have control over two or more phases of a transaction

d.

Deliberate fraud is more difficult because it requires consent of two or more persons,

19)Which among the following is not a principle relating to control activities?

a.

Internal auditor implements the control activities to achieve its objectives and respond to risks

b.

Management designs control activities to achieve its objectives and respond to risks.

c.

Management designs its information systems and related control activities to achieve its objectives and respond to risks.

d.

The agency implements control activities through policies and procedures.