Question 2(6 points)

Saved

Accountants who work for a firm have many of the same obligations and the same responsibilities as the auditor.

Question 2 options:

	True
	False

Question 3(6 points)

Saved

The auditor is responsible for choices made in the preparation of the financial statements.

Question 3 options:

	True
	False

Question 4

The accountant in business must refrain from behavior that would discredit the profession.

Question 4 options:

	True
	False

Question 5(6 points)

Saved

The member in business must admit to their professional limitations.

Question 5 options:

	True
	False

Question 6(6 points)

Saved

In the code of ethics for the managerial accounting, Planning and Reporting, Professional Competence, Sufficient Relevant Data, and Due Professional Care are standards under the General Standards Rule.

Question 6 options:

	True
	False

Question 7(6 points)

The accounting function should be kept separate from the rest of the management process.

Question 7 options:

	True
	False

Question 8(6 points)

To make decisions about a company, it is important for those external to the company, but not those within the company, to have an accurate picture of the company's financial condition.

Question 8 options:

	True
	False

Question 9(6 points)

It is natural for the management accountant's first loyalty to be the firm they work for, however, the management accountant's code of ethics requires an obligation to the public.

Question 9 options:

	True
	False

Question 10(6 points)

There is a strong judgment against whistleblowing.

Question 10 options:

	True
	False

Question 11(6 points)

As a professional upholding the standards of their profession, the management accountant may be required to blow the whistle.

Question 11 options:

	True
	False

Question 12(6 points)

The AICPA'sStatements on Standards for Tax Services(SSTS) delineates enforceable standards by which the tax preparer must abide.

Question 12 options:

	True
	False

Question 13(6 points)

The tax accountant has an obligation not to be party to a lie on a tax return.

Question 13 options:

	True
	False

Question 14(6 points)

The tax accountant has a responsibility not just to their client, they also have a responsibility to the public to be forthright, even if that means breaking off a relationship with the client.

Question 14 options:

	True
	False

Question 15(6 points)

The tax accountant has the final responsibility for the representation of the facts on the tax return.

Question 15 options:

	True
	False

Question 16(6 points)

A member may rely on information furnished by the taxpayer without verification.

Question 16 options:

	True
	False

Question 17(6 points)

If the organization does not have established policies to resolve ethical issues they encounter, the IMA member should consider consulting their own attorney to learn of any legal obligations concerning the issue.

Question 17 options:

	True
	False

Question 18(6 points)

If efforts to resolve an ethical issue are not successful, the member may consider disassociating from the organization.

Question 18 options:

	True
	False