AAT level 3 Ethics Exam Questions and Answers Solved 100%
What does the I in PPCIO stand for? - Answers Integrity
How can accountants keep their skills up to date? - Answers CPD
How many objectives of the accounting profiession are there? - Answers 6
To whom does the AAT Code of Practice apply? - Answers All members (part A), members in practice
(part B), members in business (part C)
What does the O in PPCIO stand for? - Answers Objectivity
What are the 5 threats? - Answers Self-interest, self-review, advocacy, intimidation, familiarity
What three things help show integrity? - Answers Honesty, transparency, fairness
To whom do accountants have responsibility? - Answers Society as a whole
How do accountants reduce threats to their ethical principles? - Answers Safeguards
When a client is threatening to take business from an accountant, which principles are threatened? -
Answers Self-interest, intimidation
When a client is a major part of an accountant's fee base which principle could be threatened? -
Answers Self-interest
When an accountant is looking at work he/she previously completed, which principle is threatened? -
Answers Self-review
Is the code of ethics principles-based or rules-based? - Answers Principles-based
Is it ethical to ignore a problem? - Answers No - doing nothing is not ethical
If you comply with the law are you always acting ethically? - Answers No
What is an inducement? - Answers Something offered to encourace or motivate someone to do
something. Does not have to be illegal so can sometimes be ok.
What is a bribe? - Answers Giving or receiving something of value with intention of influencing recipient
to do something favourable to giver of bribe
What year was the Bribery Act? - Answers 2010
What year was the Fraud Act? - Answers 2006
What are the three forms of fraud? - Answers False representation, failure to disclose information,
abuse of position
What does the I in PPCIO stand for? - Answers Integrity
How can accountants keep their skills up to date? - Answers CPD
How many objectives of the accounting profiession are there? - Answers 6
To whom does the AAT Code of Practice apply? - Answers All members (part A), members in practice
(part B), members in business (part C)
What does the O in PPCIO stand for? - Answers Objectivity
What are the 5 threats? - Answers Self-interest, self-review, advocacy, intimidation, familiarity
What three things help show integrity? - Answers Honesty, transparency, fairness
To whom do accountants have responsibility? - Answers Society as a whole
How do accountants reduce threats to their ethical principles? - Answers Safeguards
When a client is threatening to take business from an accountant, which principles are threatened? -
Answers Self-interest, intimidation
When a client is a major part of an accountant's fee base which principle could be threatened? -
Answers Self-interest
When an accountant is looking at work he/she previously completed, which principle is threatened? -
Answers Self-review
Is the code of ethics principles-based or rules-based? - Answers Principles-based
Is it ethical to ignore a problem? - Answers No - doing nothing is not ethical
If you comply with the law are you always acting ethically? - Answers No
What is an inducement? - Answers Something offered to encourace or motivate someone to do
something. Does not have to be illegal so can sometimes be ok.
What is a bribe? - Answers Giving or receiving something of value with intention of influencing recipient
to do something favourable to giver of bribe
What year was the Bribery Act? - Answers 2010
What year was the Fraud Act? - Answers 2006
What are the three forms of fraud? - Answers False representation, failure to disclose information,
abuse of position
