The IFAC, IAESB and IESBA Ethical Principles Are Similar to Those

question 52

Multiple Choice

The IFAC, IAESB and IESBA ethical principles are similar to those in the AICPA Code except for:

• A) Integrity
• B) Objectivity
• C) True and fair view
• D) Professional competence

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Definitions:

Exchange Rate

The conversion rate from one currency to another.

Imports

Merchandise or services entering a nation from a foreign country, intended for sale or application.

Exports

Exports refer to goods or services sent from one country to another for sale or trade, contributing to a nation's gross domestic product.

Trade Deficit

An economic measure of a negative balance of trade where a country's imports exceed its exports over a given period.