Which of the Following Is Not One of the Fundamental

question 11

Multiple Choice

Which of the following is not one of the fundamental principles of professional ethics underlying an audit?

• A)Confidentiality.
• B)Scepticism.
• C)Integrity.
• D)Objectivity.

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Definitions:

Interest Rate

The price, shown in the form of a percentage of the principal, charged by lenders to borrowers for asset employment.

Diversify

The attempt to spread investment risk by selecting a variety of investment options within a portfolio.

Adage

A short, pointed and memorable saying that expresses a truth or insight.

Private Saving

The portion of an individual's or household's income that is not spent on consumption or taxes and is instead set aside for future use.