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

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Definitions:

Marketing Research Approach

A systematic method that involves collecting and analyzing data to understand market trends, customer preferences, and product potential.

Data Mining

The process of analyzing large sets of data to discover patterns, trends, and relationships that can inform decision-making and strategic planning.

Marketing Driver

A factor or a set of factors that influences the demand for a product or service.