Accounting Multiple Choice Question – 19 March 2025

Part A of the IESBA Code of Ethics is a framework that applies to all professional accountants and it introduces the fundamental principles.

In this context ‘fundamental’ means?

Select ONE answer:

1. That the principles form the bedrock of professional judgements and practice
2. That the principles are the easiest aspects of the professional accountant’s work
3. That the Code is compliance-based
4. That adherence to rules is all that is required of a professional accountant

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 1

1. Correct == > The fundamental principles form the bedrock of professional judgements and practice. It does not mean that the principles are easy; taking the approach of mere compliance; and/or of following rules is the exact opposite of what the fundamental principles represent.
2. Not correct
3. Not correct
4. Not correct

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