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Supplementary objective test questions

CHAPTER 1 – BUSINESS ETHICS

1.1 Which one of the following is the ethical school of the accountancy
profession?

A Deontological

B Utilitarianism

C Virtue ethics

D None of the above

1.2 Which of the following statement/s is/are correct?

1 A legal framework sets the threshold for what is unacceptable at a
high level

2 Law and disciplinary frameworks can solely be relied on to address
ethical issues

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 or 2

1.3 Which organisation fosters international debate on ethical issues faced by
accountants?

A The FRC

B The Accounting Council

C The Conduct Committee

D The IESBA

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