This Organization Is Developing an International Code of Conduct for Professional

question 15

Multiple Choice

This organization is developing an international code of conduct for professional accountants.

• A)The International Accounting Standards Board
• B)The European Federation of Accountants
• C)The Financial Accounting Standards Board
• D)The Public Accounting Oversight Board
• E)The International Federation of Accountants

---

Definitions:

Consolidated Income

The total net income of a parent company and its subsidiaries, after accounting for the share of income pertaining to noncontrolling interests.

Subsidiaries

Companies that are owned or controlled by another company, known as the parent company, through a majority of the voting stock.

Domestic Firm

A company that operates primarily within the borders of its home country and is subject to its home country's jurisdiction and regulations.

Ownership Interest

Indicates an individual's or entity's legal rights and stakes in a company or property.