International And AICPA Ethics Standards Exam With 100% Correct And Verified Answers
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International and AICPA Ethics Standards
Institution
International And AICPA Ethics Standards
International And AICPA Ethics Standards Exam With 100% Correct And Verified Answers
International Ethics Standards - Correct Answer-Set by International Ethics Standards Board for Accountants (IESBA), Code of Ethics for accountants
Supported by - Correct Answer-IFAC (supports IAASB)
Appli...
International And AICPA Ethics Standards
Exam With 100% Correct And Verified
Answers
International Ethics Standards - Correct
Answer-Set by International Ethics Standards Board for
Accountants (IESBA), Code of Ethics for accountants
Supported by - Correct Answer-IFAC (supports IAASB)
Applies to accountants in... - Correct Answer-Public
practice, private, education, public sector
IES-IAASB - Correct Answer-Firms issuing reports in
accordance with IAASB must follow IESBA Code or more
stringent (not less)
IES-IESBA - Correct Answer--AICPA, when members
practice in place under international standards - comply
with IESBA (stricter)
IES-Members - Correct Answer--IESBA for 2.5 M
accountants members of IFAC (180 pro accounting
organizations), int'l, all fields
IES 3 Parts - Correct Answer-A. Framework
B. Accountants in Public Practice
C. Private Practice
Vendarsol
, A. Framework 5 Principals - Correct Answer-i. Sec 110:
Integrity
ii. Sec 120: Objectivity
iii. Sec 130: Professional Competence and Due Care
iv. Sec 140: Confidentiality
v. Sec 150: Professional Behavior (Law and Reg Compliance,
not discredit, honesty)
9. B. Accountants in Public Practice -Sec 200: Professional
Accountants in Public Practice, - Correct Answer-overall
description of threats facing for compliance
Accountants in Public Practice
-Sec 210: Professional Appointment, - Correct Answer-
determine whether client acceptance could create
compliance threats
Accountants in Public Practice
-Sec 220: Conflicts of Interest, - Correct Answer-take steps
to ID circumstances that could involve
Accountants in Public Practice
-Sec 230: Second Opinions, - Correct Answer-When asked to
provide, evaluate threats and apply safeguards to take care
of
(IE bad opinion b/c not enough info, get info)
Accountants in Public Practice
-Sec 240: Fees and Other Types of Remuneration, - Correct
Answer-Commissions/Contingent Fees/referral fees and
Vendarsol
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