 Question 1

1 out of 1 points
Accountants should respect the _________________ of information acquired during the course of
performing professional services. They should not use or share any such information without proper
and specific authority even after the accountant–client or the accountant–employer relationship ends.

 Question 2
1 out of 1 points
Acting as an advocate on behalf of an assurance client in litigation or disputes with third parties gives
rise to _______________

 Question 3
0 out of 1 points
Audit firm may remove the affected person from the audit engagement team or regular rotation of audit
personnel, both senior and junior, can be crucial in avoiding  __this treates
____________________________.

 Question 4
1 out of 1 points
Usually, audit firms provide other services apart from their primary services. These may include
accounting, taxation, valuation, internal audit, etc. self review treats in auditing arises when auditors
face the risk of reviewing their own work.

 Question 5
1 out of 1 points
Which of the following is true? 

 Question 6
0 out of 1 points
If an audit team faces a self-interest threat with its client, then the team should discuss this matter with
__________________

 Question 7
0 out of 1 points
Professionals involved in assurance services should _ neither accept nor offer gifts or
entertainment that might have a significant improper influence on their professional judgment.

 Question 8
1 out of 1 points
_____________________ refers to the quality of being honest and having strongmoralprinciples,. In
ethics, integrity is regarded as the honesty and truthfulness or accuracy of one's actions.

 Question 9
0 out of 1 points
The ethical guidance set out by the _______________________ is incorporated into the Code of
Ethics for Professional Accountants (the Code).
 Question 10
0 out of 1 points
The most effective safeguard against the self-review threat is the ______________________________

 Question 11
0 out of 1 points
If auditor is requested to represent the firm in the court of law for a matter that is material with reference
to the financial statements then the auditors should ________________________

 Question 12
0 out of 1 points
In an audit engagement, there are five threats that auditors may face that threaten their
____________________. These threats can significantly limit the auditors’ freedom in forming an
opinion and providing an unbiased judgment.

 Question 13
0 out of 1 points
________________________ represent a set of moral principles, rules of conduct, or values. It is
applied when an individual has to make a decision from various alternatives regarding moral principles

 Question 14
1 out of 1 points
Some clients may try to pressure auditors to influence their judgment. The pressure may be actual or
perceived by the directors, officers such as dismissal from audit  engagement or litigation, or to reduce
the scope of audit. Such a threat is known as _____________________________

 Question 15
0 out of 1 points
There are _______________ fundamental principles of ethics applicable to ALL accountants

 Question 16
1 out of 1 points
If the auditor becomes personally close to the client’s management, they will allow
__________________to impact their audits.

 Question 17
0 out of 1 points
According to the International Auditing Standards, audit firms cannot provide most non-audit services to
________________. It is because the risks are higher for these clients. However, as long as these
non-audit services don’t affect the financial statements or the decisions impacting them, it may be
allowed.

 Question 18
1 out of 1 points
_______________________ arises when a  member of the assurance team previously was an
employee of the client (especially a director  or officer)
 Question 19
0 out of 1 points
___________________________ requires a high standard of general education followed by specific
education, training, examination in relevant subjects, and work experience.

 Question 20
0 out of 1 points
According to code of ethics , a distinguishing mark of the accountancy profession is its acceptance of
the responsibility to act in the _________________________________