Accounting Multiple Choice Question – 29 October 2026

Which ONE of the following statements is correct?

Select ONE answer:

1. The ICAEW Code of Ethics applies to its members only
2. The ICAEW Code of Ethics applies to its members, employees of member firms and ICAEW students
3. The ICAEW Code of Ethics applies to its members and employees of member firms only
4. The ICAEW Code of Ethics applies to its members, employees of member firms, ICAEW students and all other members of the UK accountancy bodies

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 – As per the ICAEW Code of Ethics, the Code applies to its members, employees of member firms and ICAEW students.
3. Not correct
4. Not correct

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