An Accounting Association Established a Code of Ethics for All

question 54

Multiple Choice

An accounting association established a code of ethics for all members.The most likely primary purpose for establishing the code of ethics was to:

• A)Outline criteria for professional behavior to maintain standards of competence,morality,honesty,and dignity within the association.
• B)Establish standards to follow for effective accounting practice.
• C)Provide a framework within which accounting policies could be effectively developed and executed.
• D)Outline criteria that can be utilized in conducting interviews of potential new accountants.

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Definitions:

Detrimental

Causing harm, damage, or a negative impact on something or someone.

Leadership Style

The approach and tactics a leader adopts in guiding, directing, motivating, and managing groups.

Preparedness

The state of being ready and well-prepared for a particular task or event.

Effectiveness

The degree to which objectives are achieved and desired results are met efficiently.