The Code of Ethics for Professional Accountants (APES 110) Is

question 55

Multiple Choice

The Code of Ethics for Professional Accountants (APES 110) is issued by:

• A) AARF.
• B) ASIC and the ICAA.
• C) APESB.
• D) ASIC.

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Definitions:

Electricity

A form of energy resulting from the existence of charged particles, used as a power source.

Natural Gas

A fossil fuel used as a source of energy for heating, cooking, and electricity generation, consisting mainly of methane.

Profit Maximizes

A strategy or approach focused on increasing the difference between total revenue and total cost to the highest possible level.

Private Ownership

Private ownership denotes the legal right of individuals or entities to own property or businesses, as opposed to ownership by the government or public bodies.