Erstellt von ross young
vor fast 4 Jahre
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Frage | Antworten |
What fundamental principle is in place to help establish working practices free from bias? | Objectivity |
Working under pressure of time and with an unreasonable workload is a threat to what principle? | Professional competence and due care |
When identifying threats to our fundamental principles if we feel financially threatened by a client, this would be classed as a ......... threat? | Intimidation |
If a friend askes you to pass on information about a client to help their own business, what principle and threat is involved here? | Confidentiality and intimidation |
If you have to audit your own work from a previous company you worked for, what type of threat does this represent? | Self review |
If your client askes you to give a glowing review of one of their products online , what threat is this posing to you the accountant? | advocacy |
If one of your clients offers to sell you cheap shares in their company, what type of threat does this situation pose? | Self-interest |
Does the AAT take a principles or rules based approach to ethics | principles |
What type of insurance should accountants have | professional indemnity insurance |
What are the three situations when it is acceptable to disclose confidential information? | when authorised by client or employer when disclosure is required by law when there is a professional duty to disclose. |
Who should suspicions of money laundering be reported to? | NCA |
What act of parliament is designed to help protect whistle blowers? | The Public Interest Disclosure Act 1998 |
What is an authorised disclosure? | This is when you report that you have been engaged in money laundering or are about to be. The disclosure should help your defence. |
What is a protected disclosure? | This is when you report a suspion of money laundering and you are protected against charges of breaching confidentiality. |
When should an accountant carry out customer due diligence? | Before entering into a business relationship with a new client. When suspious of money laundering/terrorist financing. When entering a transaction for a significant amount of money. |
What are the three key components of sustainable development as set out by the Brundtland commission? | eceonomic growth environmental protection social equality |
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