Question 14 (1 point) The IESBA Code of Ethics became effective on June 15, 2019. Which of the following statements best describes the structure of the IESBA Code of Ethics? The Code contains three parts, made up of conceptual framework, ethics for accountants in business, and ethics for accountants in public practice The Code contains four parts, , made up of conceptual framework, ethics for accountants in business, ethics for accountants in public practice, and the international independence standards The Code consists of two parts, made up of ethics for accountants in public practice and the international independence standards The Code contains six parts, made up of conceptual framework, ethics for accountants in business, ethics for accountants in public practice, ethics for business professionals who deal with accountants, ethics for service providers who deal with accountants, and the international independence standards Question 15 (1 point) Which statements are true about the IESBA Code of Ethics for accountants? Mark all that are true. Although adoption of the IESBA Code is not required by organizations or regulatory agencies, over 60% of nations globally have adopted the IESBA Code in their jurisdiction. Public accounting firms that perform transnational audits, have committed to use policies and methodologies that conform to the Code due to its robust, high- quality and globally-applicable guidance. The IESBA Code includes the International Independence Statements. The IESBA Code is essentially a summary of all the country level ethics and independence standards. Question 14 (1 point) The IESBA Code of Ethics became effective on June 15, 2019. Which of the following statements best describes the structure of the IESBA Code of Ethics? The Code contains three parts, made up of conceptual framework, ethics for accountants in business, and ethics for accountants in public practice The Code contains four parts, , made up of conceptual framework, ethics for accountants in business, ethics for accountants in public practice, and the international independence standards The Code consists of two parts, made up of ethics for accountants in public practice and the international independence standards The Code contains six parts, made up of conceptual framework, ethics for accountants in business, ethics for accountants in public practice, ethics for business professionals who deal with accountants, ethics for service providers who deal with accountants, and the international independence standards Question 15 (1 point) Which statements are true about the IESBA Code of Ethics for accountants? Mark all that are true. Although adoption of the IESBA Code is not required by organizations or regulatory agencies, over 60% of nations globally have adopted the IESBA Code in their jurisdiction. Public accounting firms that perform transnational audits, have committed to use policies and methodologies that conform to the Code due to its robust, high- quality and globally-applicable guidance. The IESBA Code includes the International Independence Statements. The IESBA Code is essentially a summary of all the country level ethics and independence standards
