The _____ Sets Down the Code of Professional Ethics for Accountants

question 24

Multiple Choice

The _____ sets down the Code of Professional Ethics for accountants.

• A)International Accounting Standards Board (IASB)
• B)American Institute of Certified Public Accountants (AICPA)
• C)Public Company Accounting Oversight Board (PCAOB)
• D)Financial Accounting Standards Board (FASB)

---

Definitions:

Ontario Ltd.

A term used to designate a limited company in the province of Ontario, Canada, often seen in business names.

Joint Venture

Involves the joining together of parts of companies to accomplish specific, limited objectives. Joint ventures are controlled by the combined management of the two (or more) parent companies.

Independent Companies

Firms that operate independently without being owned or controlled by another entity or conglomerate.

Specific Objective

A clearly defined and measurable goal that an organization or individual aims to achieve.