The Types of Actions by Members of Accounting Bodies That

question 5

Multiple Choice

The types of actions by members of accounting bodies that may result in disciplinary action being taken by the member's accounting body include:

• A)if the member is found guilty of a fraud.
• B)if the member practises while bankrupt or insolvent.
• C)if the member continues practising despite being declared of unsound mind.
• D)All of the given answers are correct.

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Definitions:

Contracts

Legally enforceable agreements between two or more parties that create mutual obligations.

Minor

A person under the legal age of majority, typically under 18 years old, who has certain restrictions on their legal capabilities such as entering into contracts.

Contract

A binding legal agreement between two or more parties that is enforceable by law, specifying obligations each must fulfill.

Adult

An individual who has reached the age of maturity as defined by law, typically 18 years old in many countries, which qualifies them for full legal rights and responsibilities.