Which of the Following Is Not a Principle of Professional

question 69

Multiple Choice

Which of the following is not a Principle of Professional Conduct as defined by the Code of Professional Conduct?

• A)Integrity.
• B)Due care.
• C)Reporting.
• D)Scope and nature of services.

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Definitions:

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Corporations

Legal entities formed by individuals, shareholders, or stakeholders, with rights and duties distinct from those of its members, and recognized as such by law.

Preincorporation Contracts

Agreements entered into by the promoters of a company on its behalf before the company has been legally formed.

Promoters

Individuals or groups who initiate and assist in the formation and organization of a corporation, often engaging in securing capital, compliance with legal requirements, and bringing together the initial management.