The Code of Ethics for Professional Accountants Established by the International

question 21

True/False

The Code of Ethics for Professional Accountants established by the International Federation of Accountants governs only the activities of accountants in public practice.

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Definitions:

Plaintiff

The party who initiates a lawsuit in a court of law, seeking legal remedy or damages from the defendant.

Civil Law Cases

Legal disputes involving private rights and responsibilities between individuals or organizations, distinguished from criminal matters.

Contracts

Legal agreements between two or more parties that are enforceable by law.

Torts

Legal claims based on an act that causes harm or loss to another person, leading to civil legal liability.