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Confidentiality serves the public interest because it facilitates the free flow of information from the professional accountant’s client or employing organization to the accountant in the knowledge that the information will not be disclosed to a third party. Nevertheless, in which of the following circumstances professional accountants are or might be required to disclose confidential information or when such disclosure might be appropriate:
A professional accountant shall not knowingly engage in any employment, occupation or activity that impairs or might impair the integrity, objectivity or good reputation of the profession, and as a result would be incompatible with the fundamental principles, in order to comply with the principle of __________
If a professional accountant is in doubt about whether a form of proposed advertising is appropriate, the accountant is encouraged to consult with the _____________ of ICAI.
A professional accountant might face a situation in which complying with one fundamental principle conflicts with complying with one or more other fundamental principles. In such a situation, the accountant might consider consulting, with:
The conceptual framework specifies an approach for a professional accountant to:
The threat that a financial or other interest will inappropriately influence a professional accountant’s judgment or behavior is known as:
The threat that a professional accountant will not appropriately evaluate the results of a previous judgment made; or an activity performed by the accountant, or by another individual within the accountant’s firm or employing organization, on which the accountant will rely when forming a judgment as part of performing a current activity is known as:
The threat that a professional accountant will promote a client’s or employing organization’s position to the point that the accountant’s objectivity is compromised is known as________
The threat that due to a long or close relationship with a client, or employing organization, a professional accountant will be too sympathetic to their interests or too accepting of their work is known as
Having a direct financial interest in a client is known as
Undue dependence on total fees from a single client is known as:
Having a close business relationship with a client is known as
Concern about the possibility of losing a client is known as
Potential employment with a client is known as
Having access to confidential information of the client that might be used for undue personal gain is known as
A loan to or from an assurance client or any of its directors or officers is known as
A professional accountant holding a financial interest in, or receiving a loan or guarantee from, the employing organization is known as
A professional accountant participating in incentive compensation arrangements offered by the employing organization is known as
A professional accountant having access to corporate assets for personal use is known as
A professional accountant being offered a gift or special treatment from a supplier of the employing organization is known as
Promoting shares in an entity when that entity’s financial statement audit is done by him is known as:
Acting as an advocate on behalf of an assurance client in litigation or disputes with third parties is known as
Lobbying in favor of legislation on behalf of a client is known as
A member of the engagement team having a close or immediate family relationship with a director or officer of the client is known as
A member of the engagement team having a close or immediate family relationship with an employee of the client who is in a position to exert direct and significant influence over the subject matter of the engagement is known as
A former partner of the firm being a director or officer of the client or an employee in a position to exert direct and significant influence over the subject matter of the engagement is known as
Long association of an audit team member with the audit client is known as
Being threatened with dismissal or replacement in relation to a client engagement because of a disagreement about a professional matter is known as
Being feeling pressured to agree with the judgment of a client because the client has more expertise on the matter in question is known as
Being informed that a planned promotion will not occur unless the accountant agrees with an inappropriate accounting treatment is known as