Accounting Ethics: Honesty, Transparency & Integrity - SS1 Accounting Past Questions and Answers - page 1
What is the importance of honesty in accounting ethics?
To ensure accurate and reliable financial reporting.
To make financial reports more complex.
To hide financial information from stakeholders.
To maximize profits for the organization.
Share this question
What does transparency mean in accounting ethics?
Openness and clarity in financial reporting.
Conflicts of interest.
Openness and clarity in financial reporting
None of the above.
Share this question
What is the significance of integrity in accounting ethics?
Manipulating financial information to deceive stakeholders.
Adhering to high ethical standards in accounting practices.
Conflicts of interest.
None of the above.
Share this question
What are the three key ethical principles in accounting discussed in the text?
Honesty, transparency, and integrity.
Dishonesty, manipulation, and secrecy.
Efficiency, timeliness, and accuracy.
None of the above.
Share this question
Why are ethical principles important in accounting?
They help accounting professionals maximize their profits.
They promote trust and confidence in financial information.
They make financial reporting more complex.
They increase conflicts of interest.
Share this question
Define transparency in accounting ethics.
Share this question
Why is integrity important in accounting ethics?
Share this question