Coffee Class: ETHICS Session I & II

Q1. Integrity means being straightforward & __________?

A.

Reliable

B.

Honest

Q2. Which of the following is not the fundamental principle of ethics?

A. Professional competence & Due care
B.

Professional scepticism

Q3. __________ means In a manner consistent with good reputation of profession

A.

Professional competence

B.

Professional behavior

Q4. To Defend or justify the position of a client is a/an __________ threat.

A.

Self-interest

B.

Advocacy

Q5. __________ Threat is that which arises from working with a client for a long period of
time
A.

Self-review

B.

Familiarity

Q6. The rotation of engagement partner will remove the following threat:
A.

Advocacy

B.

Familiarity

Q7. Quality Control (Q.C) procedure ensures independence is considered in all work
performed by __________?
A.

Individual Auditor

B.

Audit Firm

Q8. Ethical safeguards at the profession level suggests.

A.

Presence of independent mentor

B.

Presence of audit committee

Q9. To discuss individual ethical threats you can turn to __________ for suggestions:

A.

Board of directors

B.

Independent mentors