Which of the Following Is Correct with Respect to Accounting

question 211

Short Answer

Which of the following is correct with respect to accounting ethics?
It is difficult for one person to make a difference; rather, what is required is organization-wide action to ensure ethical accounting behaviour.
The ultimate purpose of strong ethical standards in accounting is to maintain public confidence in business institutions and financial markets.
The U.S. CPA Code of Ethics does not address the conflict of interest problem.
To date, there has been no legislation passed in either the U.S. or Canada which is designed to ensure that the general public has confidence in the work of accountants.
All of these are correct.

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