Which of These Would Not Be a Basis for Disciplinary

question 40

Multiple Choice

Which of these would not be a basis for disciplinary action by the National Council of the CPA Australia?

• A)An auditor failed to observe a proper standard of professional care and skill.
• B)An auditor has become insolvent under administration.
• C)An auditor has breached the By-Laws of the CPA Australia.
• D)An auditor has resigned due to a dispute with a client over accounting policies.

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Definitions:

Skepticism

An attitude of doubt towards something, often involving questioning the validity or authenticity of certain claims without sufficient evidence.

Humility

The quality of having a modest or low view of one's importance, often allowing individuals to remain open and teachable.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.

Overconfidence

A cognitive bias where an individual's subjective confidence in their judgments is reliably higher than their objective accuracy, leading to potential errors in decision making.