Which of the Following Is ? the Accounting Professional Ethical

question 34

Multiple Choice

Which of the following is ? The Accounting Professional Ethical Standards Board (APESB) :

• A)issue technical standards to the members of the CAANZ,CPA Australia and IPA.
• B)standards are required to be complied with by members of each of CAANZ,CPA and IPA.
• C)have not approved any standards that are required by law.
• D)follows pronouncements issued by the International Accountants Ethics Standards Board (IAESB).

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Definitions:

Fraudulent Misstatements

False or misleading statements made intentionally to deceive others.

Stop-payment Order

A request made to a bank by an account holder to not pay a check that has been issued or to halt a payment that has been preauthorized.

Holder In Due Course

A term relating to negotiable instruments, denoting a party that has received an instrument in good faith, for value, and without notice of any defects or claims against it.

Intermediary Banks

Financial institutions that serve as a middleman between the payer and the payee in transactions, particularly in international wire transfers.