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Ethics - Quiz 2. Get a hint. 1) The following duties are essential to maintaining a fiduciary relationship in the accounting profession: a. Development and maintenance of required knowledge and skills. b. Maintenance of trust. c. Maintenance of an acceptable personal reputation. d.
Study with Quizlet and memorize flashcards containing terms like The Public Interest Principle in the AICPA Code of Professional Conduct recognizes:, The method of ethical reasoning that requires selecting the correct moral rule that produces the greatest benefits over harm is:, Deontology deals with: and more.
example of ethics of accounting. a. Reporting a contingent liability as probable and recording a loss or not reporting as probably to avoid recording a loss. b. Maintaining relationships with lucrative clients who want aggressive tax reporting.
Study with Quizlet and memorize flashcards containing terms like The basis of the accounting profession, Integrity, Ethics and more.
Study with Quizlet and memorize flashcards containing terms like Regularity Principle, Consistency, Sincerity Principle and more.
When the laws are unclear, an ethical person should act based on _____. A) client demands. B) established standards of ethical behavior. C) pressure from one's superior. D) intuition.
Which accounting principle states that a company should use the same accounting methods and procedures from one accounting period to the next? A. The materiality principle B. The consistency principle C. The prudence principle D. The faithful representation principle
