The Code of Ethics of the Institute of Chartered Accountants

question 12

Multiple Choice

The Code of Ethics of the Institute of Chartered Accountants Scotland provides guidance on:

• A)The latest accounting principles.
• B)The fundamental ethical principle, do no harm.
• C)Five fundamental ethical principles, among them integrity, professional competence and due care, confidentiality and professional behaviour.
• D)The leading accounting firms in Scotland.

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Definitions:

Presence

The state or fact of existing, occurring, or being present in a place or thing.

Informed Commitment

A decision or pledge made with a full understanding of the facts, implications, and consequences.

Engaged Acceptance

is the mindful practice of actively embracing present experiences without judgment, often used in therapeutic contexts.

Learning Contract

An agreement between a learner and an educational institution or mentor outlining the goals, strategies, and outcomes expected from the learning experience.