Chapter 7 - ethical conflict and reporting unethical behaviour

Question 1

What should be the first solution to a conflict of loyalty?

Answer 1

Persuade your employer to turn to a legal way of doing things

Question 2

What are the three more severe solutions to a conflict of loyalty?

Answer 2

Consider resignation
Consult a professional accounting body
Offer to resign or whistle blow

Question 3

What are the two main categories of misconduct?

Answer 3

Bringing the accounting profession into disrepute
Acting in breach of the rules and regulations of the accountants professional body