An Accounting Association Established a Code of Ethics for All

question 54

Multiple Choice

An accounting association established a code of ethics for all members.The most likely primary purpose for establishing the code of ethics was to:

• A)Outline criteria for professional behavior to maintain standards of competence,morality,honesty,and dignity within the association.
• B)Establish standards to follow for effective accounting practice.
• C)Provide a framework within which accounting policies could be effectively developed and executed.
• D)Outline criteria that can be utilized in conducting interviews of potential new accountants.

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Definitions:

Protect

To legally defend or safeguard an individual, group, or entity from harm or legal infringement.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform international sales law.

International Sales

The process of selling goods or services to customers in different countries, subject to international trade laws and agreements.

Obligations

Obligations or commitments required by law, agreement, or moral principles that one entity must fulfill towards another.