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ACCA Applied Knowledge · Business and Technology · Ethical conflicts and dilemmas

When an accountant faces an ethical conflict, which of the following is the most appropriate reason to obtain advice from the professional body or from legal counsel?

Advice from the professional body or legal counsel helps the accountant clarify obligations and options confidentially before acting. It does not shift responsibility for the decision to the adviser, and the accountant should still document the issue and actions taken.

  1. ATo transfer responsibility for the decision to the professional body
  2. BTo clarify obligations and options on a confidential basis before deciding on a course of actionCorrect
  3. CTo avoid the need to document the matter

Explanation

Seeking confidential advice helps the accountant understand their duties, such as confidentiality and reporting obligations, and the options available. It does not transfer responsibility, and it does not remove the need to keep a record of the issue, the discussions and decisions.

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