Ethics Flashcards

1
Q

What threat does profit related pay, owning shares in the company and inappropriate personal use of the company asset

A

Self interest

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2
Q

What threat is at risk when judgement is required and affects the business decisions of the person that is preparing and reviewing the data

A

Self interest

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3
Q

What threat is when a director or accountant promotes a position or opinion to the extent that objectivity is compromised?

A

Advocacy

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4
Q

What threat can a close relation have?

A

Familiarity

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5
Q

What threat involves a director or accountant from acting objectively, that could threaten by dismissal or dominating person?

A

Intimidation

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6
Q

When faced with an issue of threat to intergrity and objectivity of the financial statements, what must the accountants do?

A

Determine the appropriate safe guards to mitigate these threats

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7
Q

When dealing with digital age, what ethical principle is at risk when faced with new problems that have not been seen before?

A

Professional competency and due care

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8
Q

When dealing with digital age, what ethical principle may be compromised as a result of intimidation?

A

Confidentiality

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9
Q

When dealing with digital age, what ethical principle is at risk when an accountant is unwilling to acknowledge or address their lack of knowledge or expertise of digital development

A

Integrity

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