ACCA Strategic Professional · Strategic Business Reporting (International) · Professional and ethical behaviour in corporate reporting
Which of the following is a safeguard created by the profession, legislation or regulation, as opposed to a safeguard within the work environment of the employing entity?
Continuing professional development requirements imposed by the professional body are a safeguard created by the profession. Ethics culture, whistleblowing procedures and segregation of duties are all established by the employer within its own work environment, so they are workplace safeguards rather than profession or regulation safeguards.
- AA strong ethics-oriented culture set by management
- BEffective, well-publicised whistleblowing procedures
- CContinuing professional development requirements imposed by the professional bodyCorrect
- DInternal policies requiring segregation of duties in reporting
Explanation
Safeguards from the profession, legislation or regulation include education and CPD requirements, professional standards and disciplinary procedures. The other three are workplace safeguards set by the employer.
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