The IFAC's Code of Ethics for Professional Accountants considers threats to compliance with fundamental principles and safeguards that eliminate or reduce them. Threats may involve
a. Self-interest, such as advocacy for a client
b. Self-review, such as leadership that promotes compliance
c. Familiarity, such as an immediate relative's service as a director of the client
d. Intimidation, such as oversight by a governance body
Ans: c. Familiarity, such as an immediate relative's service as a director of the client
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Which of the following countries presents a favorable benefit-cost-risk trade-off scenario for foreign expansion?
A. A country ridden by private-sector debt B. A country with a free market system C. A country experiencing a dramatic upsurge in inflation rates D. A country that is heavily populated E. A country that is less developed and politically unstable
The probability of survival for an international business increases if it:
A. enters a national market after several other foreign firms have already done so. B. avoids the use of countertrade agreements. C. enters a national market early. D. enters a foreign market via turnkey projects. E. avoids engaging in joint ventures.