A Complaint Has Been Made Against a Member for an Audit

question 13

Multiple Choice

A complaint has been made against a member for an audit failure.If this complaint is found to have merit,under which ICAO Rule of Professional Conduct is the member likely to be charged?

• A)§ 202 Integrity and due care.
• B)§ 204 Independence.
• C)§ 210 Conflict of interest.
• D)§ 215 Contingency fees.

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Definitions:

Business Plan

A document that outlines the operational and financial objectives of a business, and details the strategies and timelines for achieving these goals.

Small Business Development Center

A local resource that provides aspiring and existing small business owners with business training, consulting, and support, often funded by government and educational institutions.

Breakeven Point

The financial point at which costs equal revenues, such that no profit is made but no losses are incurred either.

Sales And Costs

A business concept that refers to the total revenue generated from goods or services sold and the expenses incurred in the production or delivery of those goods or services.