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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

Which of the following is one of the five fundamental principles in the ACCA Code of Ethics and Conduct?

Professional competence and due care is a fundamental principle. The five are integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Economy and efficiency, shareholder primacy and independence in appearance are not themselves fundamental principles in the Code.

  1. AProfessional competence and due careCorrect
  2. BEconomy and efficiency
  3. CShareholder primacy
  4. DIndependence in appearance

Explanation

The five fundamental principles are integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Economy and efficiency, shareholder primacy and independence in appearance are not among the five, although independence supports objectivity.

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