In Accordance with the IFAC Code of Conduct,if an Accountant

question 12

Multiple Choice

In accordance with the IFAC Code of Conduct,if an accountant working as an industry accountant wishes to change jobs by joining a direct competitor to her current employer,she:

• A) May do so, but is discouraged from doing so
• B) May do so, and is neither encouraged nor discouraged from doing so
• C) Is expressly prohibited from doing so because the experiences gained at her prior employer will invariably be utilized on the new job to the harm of the prior employer
• D) May do so after a one-year waiting period that commences on the day that she ceases work for the former employer

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Definitions:

End of Year Annuity

A series of equal payments made at the end of consecutive periods over a fixed length of time.

Opportunity Cost

The potential benefits missed out on when choosing one alternative over another.

Oversight

The action of overseeing or supervising, often used in the context of governmental bodies monitoring and regulating institutions to ensure they are complying with laws and policies.

Legislative Branches

Components of government responsible for enacting the laws of the state, such as parliaments or congresses, consisting of elected representatives.