Morals are judgments, standards, and rules of good conduct in the society. They guide people toward permissible behaviour with regard to basic values. Business ethics are business policies and practices which are made to conduct a business in an ethical and moral way. Ethics can be found it laws but some are developed with the situations and moral and acceptable social behaviors. To Indicate: If the given behavior is ethical or unethical.

Question

6. Which of the following Threats to The Fundamental Principles of professional ethics, that may occur as a result of the financial interests of a professional accountant in a client company. a. Advocacy threat b. Self-interest threat c. Self review threat d. Intimidation threat

Answer 1

Question

Chapter 1, Problem 55E

To determine

Concept Introduction:

Morals are judgments, standards, and rules of good conduct in the society. They guide people toward permissible behaviour with regard to basic values. Business ethics are business policies and practices which are made to conduct a business in an ethical and moral way. Ethics can be found it laws but some are developed with the situations and moral and acceptable social behaviors.

To Indicate:

If the given behavior is ethical or unethical.

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6. Which of the following Threats to The Fundamental Principles of professional ethics, that may occur as a result of the financial interests of a professional accountant in a client company. a. Advocacy threat b. Self-interest threat c. Self review threat d. Intimidation threat

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