WGU D550 TASK 1 ETHICS FOR
ACCOUNTANTS COMPREHENSIVE
ASSESSMENT GUIDE WITH VERIFIED
SOLUTIONS
◉ The following are examples of ethics risks faced by employees
Answer: Fairness and compassion
◉ There are two aspects of justice, but under this aspect there
should be a consistent application of law
Answer: Procedural justice
◉ This theory argues that equals should be treated equally in
relationship to their relevant equalities and differences
Answer: Distributive Justice
◉ This organization has developed an international code of
conduct for professional accountant
Answer: International Federation of Accountants
◉ The difference between what the public thinks it is getting in
audited financial statements and what the public is actually
getting is known as
Answer: Expectations gap
ACCOUNTANTS COMPREHENSIVE
ASSESSMENT GUIDE WITH VERIFIED
SOLUTIONS
◉ The following are examples of ethics risks faced by employees
Answer: Fairness and compassion
◉ There are two aspects of justice, but under this aspect there
should be a consistent application of law
Answer: Procedural justice
◉ This theory argues that equals should be treated equally in
relationship to their relevant equalities and differences
Answer: Distributive Justice
◉ This organization has developed an international code of
conduct for professional accountant
Answer: International Federation of Accountants
◉ The difference between what the public thinks it is getting in
audited financial statements and what the public is actually
getting is known as
Answer: Expectations gap
