Which of the Following Is Correct with Respect to Accounting

question 184

Multiple Choice

Which of the following is correct with respect to accounting ethics?

• A) It is difficult for one person to make a difference; rather, what is required is organization-wide action to ensure ethical accounting behaviour.
• B) The ultimate purpose of strong ethical standards in accounting is to maintain public confidence in business institutions and financial markets.
• C) The U.S. CPA Code of Ethics does not address the conflict of interest problem.
• D) To date, there has been no legislation passed in either the United States or Canada which is designed to ensure that the general public has confidence in the work of accountants.
• E) All of these are correct.

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