Skip to content

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 IESBA Code of Ethics for Professional Accountants?

Professional behaviour is a fundamental principle. The five are integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Independence supports objectivity in assurance work and scepticism is an audit mindset, so neither is one of the five fundamental principles.

  1. AProfessional behaviourCorrect
  2. BIndependence
  3. CScepticism

Explanation

The five fundamental principles are integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour. Independence is a concept that supports objectivity in audit and assurance work, not a fundamental principle. Scepticism is an audit attitude and is not listed as a principle.

Did you get it right without looking?

One question tells you little. A timed set on The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession shows your real accuracy, how long you take and where you lose marks.

Practise The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy professionFree diagnostic mock

More The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession questions