Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following is a threat for professional accountant, in which he does unethical transaction for his company interest? Self-review Advocacy Intimidation Self interest

Which of the following is a threat for professional accountant, in which he does unethical transaction for his company interest?

  1. Self-review
  2. Advocacy
  3. Intimidation
  4. Self interest

. Mr. Tom is an accountant, working for Steel House LLC. It is observed that Tom is giving information about the company to his friends Mr. Harry who is working in another company. Even Mr. Tom is involved with some of his colleagues, who prepare fake reports of financial information for the users.

Considering the above case of Mr. Tom, select which of the following code of ethics Mr. Tom is not following:

  1. Integrity and Objectivity.
  2. Confidentiality and Integrity.
  3. Objectivity and Professional Competence.
  4. Professional Competence and Confidentiality

1. Identify the correct situation under which, confidential information can be disclosed by the professional accountant: - (1

  1. When disclosure is required by law.
  2. When disclosure of information is not authorized by the client.
  3. When evidence is need in legal proceedings.
  4. When disclosure of information is authorized by the employer.

  1. 1 and 2 are correct.
  2. 1, 3 and 4 are correct.
  3. 1, 2, 3 and 4 are correct.
  4. 1, 2 and 4 are correct.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Design Implementation And Audit Of Occupational Health And Safety Management Systems

Authors: Ron C. McKinnon

1st Edition

1032571039, 978-1032571034

More Books

Students also viewed these Accounting questions