Which of the Following Is a Fundamental Principle of Professional

question 55

Multiple Choice

Which of the following is a fundamental principle of professional ethics?

• A) confidentiality
• B) objectivity
• C) integrity
• D) all of the above

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Definitions:

Debit-Credit Analysis

A fundamental accounting technique that balances debits and credits in financial transactions to maintain the equation of assets = liabilities + equity.

Credit Services

Financial services that provide customers with credit facilities to purchase goods or services, including loans, credit cards, and lines of credit.

GAAP

Generally Accepted Accounting Principles, a standard framework of guidelines for financial accounting used in any jurisdiction.

IFRS

International Financial Reporting Standards, a set of accounting standards providing a global framework for how public companies prepare and disclose their financial statements.