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ACCA Applied Knowledge · Business and Technology · The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession

An accountant is asked by her finance director to approve a set of figures she believes are misleading. She is worried about losing her job if she refuses. Which fundamental principle is most directly threatened by approving the figures?

Integrity is most directly threatened. It requires accountants to be straightforward and honest and not to be associated with information they believe is materially false or misleading. Approving figures she believes are misleading would breach this, whereas confidentiality and competence are not the main concern in this situation.

  1. AConfidentiality
  2. BIntegrityCorrect
  3. CProfessional competence and due care

Explanation

Integrity means being straightforward and honest and not being associated with information the accountant believes is materially false or misleading. Approving figures she thinks are misleading breaches this. Competence and confidentiality are not the central issue here.

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