If a Professional Accountant Is Billing an Audit Client for More

question 24

Multiple Choice

If a professional accountant is billing an audit client for more hours than those actually worked, he or she will be violating the following fundamental principle.

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

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Definitions:

Formal Operations

The stage of cognitive development, according to Piaget, where individuals are able to think abstractly, reason logically, and plan systematically.

Abstract

A brief summary of a research article, thesis, review, or other document that outlines the main points.

Object Permanence

The realization in early childhood that entities persist even when they are out of sight, sound, or touch.

Cognitive Development

The process through which individuals acquire and evolve their learning, thinking, reasoning, and problem-solving capabilities from childhood through adulthood.