ACCA Applied Knowledge · Business and Technology · Fundamental principles of ethical behaviour
Which of the following is a safeguard created by the accountancy profession, legislation or regulation, as opposed to one created by the employing organisation?
Continuing professional development requirements set by the professional body are a safeguard created by the profession. Whistleblowing procedures and ethical leadership are created inside the employing organisation, so they are workplace safeguards rather than profession, legislation or regulation safeguards.
- ACorporate whistleblowing procedures operated by the employer
- BContinuing professional development requirements set by the professional bodyCorrect
- CLeadership that stresses the employer's ethical expectations
Explanation
Continuing professional development requirements are set by professional bodies and so are profession-level safeguards. Whistleblowing procedures and ethical leadership are safeguards within the work environment, created by the employer.
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