The Rules of Accounting Bodies in Canada Require Their Members

question 9

Multiple Choice

The rules of accounting bodies in Canada require their members to behave in the best interest of the profession and the public.Identify the situation where the accountant is acting in the best interest of the profession.An accountant

• A)reports a fellow accountant after noticing that the accountant helped a client with tax evasion.
• B)openly criticizes a fellow accountant's competencies after having lost a bid for a new client.
• C)brags about his competence and professional title,and encourages clients to invest in a new venture he is starting.
• D)refuses to cooperate with the new auditor after having lost a client.

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Definitions:

Primary Sources

Original documents or evidence directly related to a topic, used in research or historical context.

Contract Law

The branch of law dealing with the formation, interpretation, and enforcement of contracts.

Uniform Commercial Code (UCC)

The UCC codifies and harmonizes trade laws across the United States, facilitating interstate commerce.

Convention on Contracts

Refers to international treaties or conventions that lay down rules for contracts, particularly in international trade, such as the United Nations Convention on Contracts for the International Sale of Goods (CISG).