The Code of Ethics of the Institute of Chartered Accountants

question 12

Multiple Choice

The Code of Ethics of the Institute of Chartered Accountants Scotland provides guidance on:

• A)The latest accounting principles.
• B)The fundamental ethical principle, do no harm.
• C)Five fundamental ethical principles, among them integrity, professional competence and due care, confidentiality and professional behaviour.
• D)The leading accounting firms in Scotland.

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Definitions:

Analyzing Ideas

The process of examining concepts or proposals in detail to understand their structure and evaluate their merit.

Mediator

A neutral individual who facilitates negotiation and agreement between disputing parties without providing legal judgment.

Critical Thinking Skill

The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments, and solve problems.

Inductive Reasoning

A method of reasoning in which the premises are viewed as supplying some evidence, but not full assurance, of the truth of the conclusion.