MCQ for CA Final Audit - Chapter 18 PROFESSIONAL ETHICS

Sample Multiple Choice Questions (MCQ's) for CA Final - Paper 3 - Advanced Auditing and Professional Ethics - Chapter 18: PROFESSIONAL ETHICS - For Practice relevant for May/Nov 23 Examinations

 

Q:1 A professional Accountants should comply with relevant laws and regulations and should avoid any action that discredits the profession, this principle is known as:     

 

  1. Professional Compliances and due care
  2. Professional Judgement
  3. Professional behave
  4. Professional Skepticism

Answer: 3

 

Q:2 In which of the following circumstances, there exist a professional duty or right, to disclose the information acquired as a result of Professional relationship:        

       

  1. To comply with requirements of peer review or Quality Review.
  2. To respond to on inquiry or investigation by regulatory body.
  3. To comply with technical and ethical standards.
  4. All of the above.

Answer: 4

 

Q:3 Threats occur as a result of the financial or other interests of a professional accountant or as relative is known as:

 

  1. Self-interest Threats
  2. Self-review Threats
  3. Familiarity Threats
  4. Intimidation Threats

Answer: 1

 

Q:4 Threats occur when professional accountant may be deterred from acting objectively by threats, actual or perceived is known as    

   

  1. Self Interest Threats
  2. Self-review Threats
  3. Familiarity Threats
  4. Intimidation Threats

Answer: 4

 

Q: 5 Mr. A, a practicing Chartered Accountant agreed to select and recruit personal, conduct training programmed for and on behalf of a client.     

 

  1. A, is guilty of professional misconducts
  2. A, is guilty of other misconduct
  3. No misconduct arises on part of Mr. A
  4. A, is guilty of Professional as well as other Misconduct

Answer:3

 

Q: 6 Mr. S, a practicing Chartered Accountant agreed to "Portfolio management services" to his client M/s D limited. 

 

  1. S, is guilty of Professional misconduct.
  2. S, is guilty of other misconduct.
  3. No Misconduct arises on part of Mr. S.
  4. S, is guilty of Professional as well as other Misconduct

Answer: 1

 

 

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