q1

The accountant for Mrs. Helmsley has claimed a deduction on her taxes which was cancelled in the previous year's federal budget. Revenue Canada has reassessed her return. Mrs. Helmsley questions the accountant about the reassessment and the accountant replies, "Wow I did not know that deduction had been cancelled." Which of the following Code of Ethical Principles and Rules of Conduct has the accountant breached?

Question 1 options:

a) There is no breach - everyone makes mistakes.

b) Confidentiality

c) Due Care and Professional Judgment

d) Deceptive Information

q2

In an effort to get feedback on an accounting issue, an Accounting Manager was discussing Tektronix balance figures and accounting ratios with a trusted college friend who is also an Accounting Manager for a competitor. Which of the following Code of Ethical Principles and Rules of Conduct has the accountant breached?

Question 2 options:

a) Deceptive Information

b) Due Care and Professional Judgment

c) There is no breach - everyone needs to consult at times.

d) Confidentiality