please answer all

Question 1 (1 point) Audrey Smith , an independent external auditor, works closely with the CFO of a company to collect evidence on the performance of a senior accountant in the company. Audrey Smith, then writes a letter to the Board signed by her as external auditor and the CFO to recommend that the employee should be dismissed. Which of the following is a correct statement? The independence of the auditor is threatened because Audrey Smith acts as management and not in a manner that is consistent with the duties and responsibilities of an auditor The independence of the auditor is not threatened because Audrey Smith as auditor is responsible for evaluating the performance of senior personnel in the organization and making recommendations to the Board. The independence of the auditor is not threatened because the CFO signed the letter The independence of the auditor is not threatened because the Board will take the necessary action and not the auditor. Question 2 (1 point) What are the fundamental principles of ethics? Independence, Integrity, objectivity, professional competence and due care, confidentiality, professional skepticism Honesty, respect, courage, confidentiality, impartiality, competence Integrity, objectivity, professional competence and due care, confidentiality, professional behavior Civility, impartiality, competence and due care, professional skepticism, courage, growth mindset Question 3 (1 point) Which statement best describes NOCLAR (non-compliance with laws and regulations) in the context of international ethics standards? NOCLAR is a set of ethical provisions in the international ethics code that requires firms to disclose confidential information about their clients. NOCLAR is a set of provisions in the IESBA Code that establishes a framework ofessional accountants in deciding on how best to act in the public interest when they become aware of non-compliance with law and regulation, or suspected non-compliance with law and regulation. Once a professional accountant discovers non-compliance with law or regulation (NOCLAR), the best recourse under international ethics standards for accountants is to resign. NOCLAR is an acronym which means non-compliance with laws and regulations and is not relevant to compliance with ethics or independence. Question 7 (1 point) What is the conceptual framework in the context of international ethics standards for accountants? The conceptual framework is a concept that is explained in the accounting and financial reporting standards and is not relevant to comply with ethics and independence. The conceptual framework is a specified approach set out in the IESBA Code that all professional accountants are required to apply to identify, evaluate and address ethics and independence issues (i.e., threats to fundamental principles of ethics and threats to independence). The conceptual framework is a document that only applies to compliance with the fundamental principles of ethics. The conceptual framework assists preparers of financial statements in developing accounting policies for transactions or events not covered in existing accounting and financial reporting standards. Question 8 (1 point) John Henry is a Certified Public Accountant who works in a firm of external auditors. John audits the financial statements of mainly automobile dealers. John has purchased his cars from the same dealer, XYZ Cars, for 20 years. Because John compiles the financial statements for XYZ cars each year, the management offers him a discount of 20% below the average selling price of the automobile and zero percent financing every time he purchases a car. Recently, XYZs banks requested audited financial statements from the dealership instead of statements that were by a CPA. John has agreed to provide the company with audited financial statements because management complies with sound ethical standards and all applicable laws, and he is very familiar with XYZes operations. Which of the following statements is correct regarding this scenario? By accepting the audit, John will compromise the Integrity principle of ethics for accountants. By accepting the audit, John is likely to compromise his independence and might violate the objectivity principle of ethics for accountants. By accepting the audit, John is demonstrating that he is competent and principled, and will behave in a manner that is consistent with the behavior of most independent auditors. By accepting the audit, John demonstrates that he is a person of strong moral character and will not violate any ethical principles because he is helping a business with a long history of compliance with sound ethical principles and applicable laws. Question 9 (1 point) An independent professional accountant certifies financial statements that contains material misstatements that violate revenue recognition standards. Which of the following fundamental principles of ethics did the accountant possibly violate? Honesty Professional skepticism Professional competence and due care Respect