Explain three (3) threats to a professional accountant and suggest two (2) ways each of overcoming those threats.
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Explain three (3) threats to a professional accountant and suggest two (2) ways each of overcoming those threats.
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- 1. Give one example of an ethical standard from the conceptual framework that accountants have to follow and briefly apply it to a self-created scenario.Assess TWO ethical responsibility of Management Accountants in fulfilling their roles. Give relevant examples.34) Which threat may occur as a result of the financial or other interests of a professional accountant or of an immediate or close family member? a) Familiarity threats b) Self-review threats c) Advocacy threats d) Self-interest threats
- Briefly explain the overall objective of a financial manager. Include in your response any one of the three fundamental decisions a financial manager would be faced with. You may want to refer to the fundamental accounting equation in your response.Explain the professional ethical responsibility of an accountant and TWO(2) possible courses of ethical actions available to an accountant in practice.Refering to case study 2 Fortunesareus Ethical Scenario. How can these below question be addressed. 1. What are the readily identifiable ethical issues for your decision? 2. Who are the key parties who can influence, or will be affected by, your decision? 3. What fundamental ethical principles for accountants are most applicable and is there an apparent conflict between them? 4. What would you do?
- AFTER READING THE CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS: IS THERE REALLY A NEED FOR A CODIFIED SET OF ACCEPTABLE ETHICAL BEHAVIOR? yes or no, justify your answer. GIVE 3 JUSTIFICATIONS AND ELABORATE YOUR ANSWERWhat are the top three rules for management accountants to follow?Describe which professional organization(s) would most likely be of greatest value to you if yourposition involved each of the following independent roles:a. Accounting educator.b. Management accountant.c. Certified public accountant.
- 1. Explain detail about Ethical values and principles in management accounting give two examplesWhat are the top three rules that management accountants should adhere to in their daily work?Which of the following is least likely to be an accountant’s role in the SDLC? a. user b. consultant c. auditor d. programmer e. all of these are likely roles