Which of the Following Is NOT a Fundamental Principle in Codes

question 2

Multiple Choice

Which of the following is NOT a fundamental principle in codes of conduct for professional accountants?

• A)Act in the client's best interest
• B)Objectivity and independence
• C)Maintain the good reputation of the profession
• D)Maintain confidentiality
• E)Not to be associated with misleading information

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Definitions:

Fixed-Rate Mortgage

A mortgage loan with an interest rate that remains unchanged for the entire term of the loan.

Adjustable Rate

This term often refers to a type of interest rate on a loan that can fluctuate over time, usually in accordance with a specified financial index.

Foreclosure

A legal process by which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments to the lender by forcing the sale of the asset used as the collateral for the loan.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, often with interest.