During the Course of Working as an External Auditor,you Discovered

question 21

Multiple Choice

During the course of working as an external auditor,you discovered that your audit client is going to build a new luxury ski resort in rural Utah.As a result,you purchased a vacation home near that resort in the expectation that housing prices will benefit from the announcement of a luxury resort being built nearby.Your action:

• A) Was unethical only if it precluded your client from pursuing this opportunity to earn a profit on nearby real estate
• B) Was unethical even though it caused no harm to your client
• C) Was ethical because the insider trading laws only concern purchases of securities
• D) Was ethical because your action was expressly allowed by the IFAC code of conduct

---

Definitions:

Resilience

The capacity to recover quickly from difficulties or adapt to significant stress and adversity.

Executive Function Skills

Cognitive processes that enable individuals to plan, focus attention, remember instructions, and juggle multiple tasks successfully.

Approach

The act of moving towards something or someone, often with a specific goal or purpose in mind.

Sexual Abuse Prevention

Strategies, initiatives, and policies aimed at stopping sexual abuse before it occurs.