Which of the Following Statements Regarding the Competence of an Accountant

question 34

Multiple Choice

Which of the following statements regarding the competence of an accountant is true? The accountant must:

• A) strive continually to improve technical services and keep knowledge up-to-date.
• B) not breach the trust of clients and employers.
• C) not disclose information acquired in the course of professional work, except where there is a legal or professional duty to disclose.
• D) at all times safeguard the interest of the clients and employers, provided it does not conflict with their duty to the community.

---

Definitions:

Entrepreneurs

Individuals who start, organize, and manage their own businesses, taking on financial risks in the hope of profit.

Small Business Owners

Individuals who own and operate companies that are typically defined by their small size in terms of employees and revenue.

General Public

This term refers to the ordinary people in society at large, distinct from the members of a particular group, profession, or government.

Moderate Risk

A level of danger or potential for loss that is considered to be within a reasonable or manageable range.