ACCA Applied Knowledge · Business and Technology · Fundamental principles of ethical behaviour
Which of the following is an example of a safeguard created by the accountancy profession, legislation or regulation, rather than one created by the individual's employing organisation?
Professional body requirements for continuing professional development are a safeguard created by the profession or regulation. A whistleblowing hotline and a board-led ethical culture are safeguards within the employer's own work environment, so they do not fit the question.
- AA requirement to pass continuing professional development checks set by the professional bodyCorrect
- BA whistleblowing hotline operated by the employer
- CA strong ethical culture promoted by the entity's board
Explanation
Safeguards fall into two groups: those created by the profession, legislation or regulation, and those in the work environment. Professional body CPD requirements belong to the first group. The hotline and ethical culture are work-environment safeguards set up by the employer.
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