Bài kiểm tra đánh giá: Tax Chapter 1 – Ethics

Which of the following is NOT a fundamental principle of the ICAEW Code of Ethics?

Which fundamental principle requires a professional accountant to be straightforward and honest in all professional and business relationships?

Which fundamental principle requires a professional accountant to comply with relevant laws and regulations and avoid any action that discredits the profession?

Sandra is a chartered accountant completing a corporation tax computation for a client. The client's sales director, Heather, is a close family friend. Heather asks Sandra to share information about planned bonuses. Which pair of fundamental principles is under threat?

Richard is a chartered accountant. In which of the following situations is he NOT required to keep client information confidential?

Roger is married to Jennifer, who is also his client. He knows Jennifer comes from a wealthy family with criminal connections, but he trusts her implicitly and never questions the funding of her businesses. Which pair of threats is Roger experiencing?

Florence, a chartered accountant, knows that a client, Freddy, financed his business through criminal activities for years. She has not reported this and has accepted payments 10 times her normal fee. Which of the following statements is correct?

Iqmal has just become suspicious that a client is engaged in money laundering. When should he report this to the firm's Money Laundering Reporting Officer?

Which of the following is a fundamental principle of the ICAEW Code of Ethics?

A chartered accountant who becomes too sympathetic to a client's interests because of a close relationship is facing which threat?

Which threat is present when a professional accountant has a financial self-interest in a client's business?

Which of the following statements about confidentiality is correct?

Under UK money-laundering legislation, a professional accountant who suspects money laundering should report it to:

Which of the following is NOT a type of threat identified in the ICAEW Code of Ethics?

Florence, a chartered accountant, accepted payments from Freddy knowing that Freddy financed his business through criminal activities. What offence may Florence have committed by accepting these payments?

Which of the following correctly pairs a fundamental principle with its meaning?

Complete the list of the five fundamental principles of the ICAEW Code of Ethics: Integrity, Objectivity, Professional competence and due care, ______, and Professional behaviour.

Name the threat that occurs when a professional accountant becomes too sympathetic to a client's interests because of a close relationship.

Identify the five fundamental principles of the ICAEW Code of Ethics and explain each one in your own words.

A chartered accountant discovers that a long-standing client has used the proceeds of criminal activity to finance their business for several years. Discuss the accountant's ethical and legal obligations, referring to the fundamental principles and money-laundering reporting requirements.