You have been asked to work on a major investment decision that your company will be making, and discover that your

brother-in-law is the managing director of a firm that may benefit from the outcome of the decision. You have no intention of

allowing this to influence the advice you give your firm, and you know that your brother-in-law will not try to influence you in

any way

What professional quality would make you consider handing this task to a colleague, or otherwise raising questions with your

superiors

Scepticism

Accountability

Independence of mind

Independence in appearance

Reliability, responsibility,, courtesy and respect are the personal qualities

expected of an accountant.

Which of the followingwords correctly complete this statement

Accountability

Social responsibility

Timeliness

Ambition

Whichof the following would raise ethical issues for a manufacturer of fast-moving consumer goods

(i)The materials used in manufacture of the goods

(ii)The quality of the goods

(iii)How the goods are advertised

(iv)How much its raw materials suppliers pay their staff

(v)How the goods are packaged

(ii) and (iii) only

(i), (ii) and (iii) only

(ii), (iii) and (v) only

(i), (ii), (iii), (iv) and (v)

Farrah works in the sales tax section of the accounts department of BCD Co. When the finance director is on holiday, Farrah

notices that BCD Co has not been paying the correct quarterly amounts to the authorities. Farrah had suspected this for some time and decides to contact the authorities to tell them about the fraud. This disclosure is known as————————

What two words correctly complete the sentence

Confidentiality breach

Corporate conscience

Whistle blowing

Which of the following is an approach to ethics which combines a concern for the law with an emphasis on managerial

responsibility

Compliance based

Integrity based

Environmental based

Economic based

Of the three main sources of rules that regulate the behaviour of businesses, the minimum level of acceptable behaviour is set by which

Non-legal rules and regulations

Ethics

The law

Society

The directors' deliberations must be balanced by taking into account everyone who has a legitimate interest in the company

and respecting their rights and views.

This statement describes which concept

Fairness

Openness

Probity

Whichof the following statements is a definition of probity

Open and clear disclosure of all relevant information

Telling the truth and not misleading stakeholders

Accepting the blame or credit for decisions

Answerable in some way for the consequences of its actions

Holders of public office should not place themselves under any financial or other obligation to outside individuals or

organisations that might influence them in the performance of their official duties.

This statement refers to which concept

Independence

Reputation

Integrity

Which one of the following is not part of a corporate code of ethics

Professional ethics

Organisational culture

Organisational self-interest