Confidentiality means that an accountant in business has a loyalty to the business which employs him or
Question:
‘Confidentiality means that an accountant in business has a loyalty to the business which employs him or her which is greater than any commitment to a professional code of ethics.’ Discuss.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 87% (8 reviews)
There are a few different interpretations of confidentia...View the full answer
Answered By
Tamondong Riza
Professionally, I am a teacher with years of experience tutoring math and science, as well as teaching in both public schools and independent schools. I feel that education should be an enlightening experience for all children, and I'm committed to helping my students learn new skills and make progress in their subjects.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
Question Posted:
Students also viewed these Business questions
-
A business hires a professional accountant like a CA or CGA to assess the financial condition of the company. Why would the business also employ a private accountant?
-
The IFAC's Code of Ethics for professional accountants lists a number of fundamental auditing principles. Discuss to what extent such principles may mean different things in different countries.
-
A code of ethics is an important element of a fraud prevention program. Which of the following would diminish the effectiveness of a companys code of conduct? a. The establishment of a chief ethics...
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 2 + i i
-
What can the residuals from a regression tell us about possible violations of assumptions for regression?
-
Refer to the financial statements of CVS and Southwest Airlines Co. in the Supplement to Chapter 5. What is the total revenue for CVS and Southwest on the respective income statements? How do you...
-
Explain the nature and roles of accounting and finance.
-
Tulip Company is made up of two divisions: A and B. Division A produces a widget that Division B uses in the production of its product. Variable cost per widget is $0.75; full cost is $1.00....
-
Describe significance of the Agrochemicals Act in regulating the production, distribution, and use of agrochemicals, and its impact on agricultural practices, environmental sustainability, and public...
-
Explain what is meant by creative strategy and creative tactics in advertising. Find an example of an advertising campaign and evaluate the creative strategy and tactics used in the ads.
-
Refer to the Ernst & Young Code of Conduct and discuss the questions they suggest when putting their Global Code of Conduct into action.
-
An interesting ethical case arose when an employee of a Swiss bank stole records of the accounts of international investors. The records were then offered for sale to the German government on the...
-
Indicate whether the statement is true or false, and justify your answer. The fact that practicing surgeons who have finished residency earn more than practicing pediatricians implies that the rate...
-
Each of the following statements is either mathematically incorrect or does not communicate any meaning Write down why each statement is wrong or not meaningful, pointing out one or more specific...
-
Show that the sequence {sinn}nEN does not converge.
-
In a period production and cost data were as follows. Total costs material 5115 Labour 3952 Overheads 3000 12067 Production was 1400 fully complete units and 200 partly units. The degree of...
-
Context- Mapping politics: how context counts in electoral geography -John Agnew -Do you agree or disagree with the statement about contextualism: A 'strong' contextualism would imply that...
-
Nike Corporation is into manufacturing shoes. In the financial Year 2019-20, Nike Corporation has the actual production was 20,000 units. The standard data for each unit of the product is given in...
-
White, Inc., had depreciation expenses on its plant assets as follows for 2009, 2010, and 2011, respectively: $267,000, $289,000, and $357,000. Compute the trend percentages for these years, assuming...
-
a. Show that the expansion of q(x) in ascending powers of x can be approximated to 10 2x + Bx 2 + Cx 3 where B and C are constants to be found. b. Find the percentage error made in using the series...
-
Gamma plc had an issued share capital at 1 April 20X0 of: 200,000 made up of 20p shares. 50,000 1 convertible preference shares receiving a dividend of 2.50 per share: These shares were...
-
Delta NV has share capital of Alm in shares of 0.25 each. At 31 May 20X9 shares had a market value of 1.1 each. On 1 June 20X9 the company makes a rights issue of 1 share for every 4 held at 0.6 per...
-
The following information is available for X Ltd for the year ended 31 May 20X1: Net profit after tax and minority interest ... 18,160,000 Ordinary shares of 1 (fully paid) ..... 40,000,000 Average...
-
Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity...
-
To learn more about the field of HR, go to the HR Career Advice site (http://www.hrcareeradvice.com/Links to an external site.) and read the page "Human Resources Overview." answer the following...
-
Cobe Company has already manufactured 23,000 units of Product A at a cost of $25 per unit. The 23,000 units can be sold at this stage for $420,000. Alternatively, the units can be further processed...
Study smarter with the SolutionInn App