For Each of the Following Situations,state Which Element of the Profession

question 55

Essay

For each of the following situations,state which element of the profession or society encourages the public accountant to conduct himself at a high level.A)Marco attended a seminar on the topic of business combinations to ensure he was up to date with the new standard.
B)Barbara referred to the standard on hedging to ensure that her client had the appropriate documentation to qualify for hedge accounting.
C)Gretchen refused to perform the audit of her uncle's restaurant chain.
D)Walid worked overtime all week to ensure that the file was properly documented and met the quality control requirements.
E)Sarah took the summer off to study for the Common Final Examination (CFE)to ensure that she would pass the entrance exam to become a Chartered Professional Accountant.

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Definitions:

American Colonization Society

An organization founded in 1816 to assist free black people in emigrating to Africa.

Emigrated

The act of leaving one's country to live in another.

Liberia

A country on the West African coast, established as a colony for freed African American slaves in the 19th century.

National Council

A governing body or assembly that represents a nation, often comprising elected or appointed members who discuss and decide on national issues.