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:

Maladaptive Anxiety

A form of anxiety that is excessive, irrational, and interferes with daily functioning.

Generalized Anxiety Disorder

a chronic disorder characterized by excessive, long-lasting anxiety and worry about nonspecific life events, objects, and situations.

Phobias

An intense, irrational fear of specific objects, activities, or situations.

Generalized Anxiety Disorder

A mental health disorder characterized by persistent and excessive worry about a number of different things.