Day: March 18, 2025

The ICAEW Code of Ethics is an example of which of the following theoretical approaches to ethical codes?

Select ONE answer:

1. A rules-based approach
2. A framework-based approach
3. A compliance-based approach
4. A tick box approach

Show your workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

1. Not correct
2. Correct == > Encroachment, intimacy and self-promotion are incorrectThe ICAEW Code of Ethics is a framework- or ethics-based approach, which is the opposite of the compliance-, rule- or tick-box-based approach seen in other jurisdictions such as the US.
3. Not correct
4. Not correct

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