If a Professional Accountant Is Auditing a Public Company and She

question 7

Multiple Choice

If a professional accountant is auditing a public company and she receives company shares as payment for her audit services, she will be violating the following fundamental principle.

• A)Integrity
• B)Objectivity
• C)Professional due care
• D)Confidentiality
• E)All of the above

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Definitions:

Personality Theory

The study of personality that aims to understand the differences in individuals’ characteristics, behaviors, and thinking patterns.

Psychic Energy

In psychoanalytic theory, a fundamental concept representing the drive or force within the psyche that motivates human behavior.

Libido

To Freud, the form of psychic energy, manifested by the life instincts, that drives a person toward pleasurable behaviors and thoughts. To Jung, a broader and more generalized form of psychic energy.

Primary Motivation

The underlying drives or forces that stimulate action or behavior, often relating to basic needs such as hunger, thirst, or safety.