Part B of the Code of Ethics for Professional Accountants

question 2

Multiple Choice

Part B of the Code of Ethics for Professional Accountants identifies threats to independence from the following sources:

• A) familiarity and intimidation.
• B) self-interest, self-review, and advocacy.
• C) both A and B
• D) the work environment.

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Definitions:

HR Functions

The various tasks and responsibilities carried out by the human resources department of an organization, including recruiting, training, performance management, and employee relations.

Employee Morale

The overall attitude, satisfaction, and outlook of employees in a workplace.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

Competency

The combination of knowledge, skills, and behaviors that is required for effective performance in a given role or job.