Which of the following statements best explains why the auditing profession has found it essential...
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Accounting
Which of the following statements best explains why the auditing profession has found it essential to promulgate ethical standards and to establish means for ensuring their observance?
| Ethical standards that emphasise excellence in performance over material rewards establish a reputation for competence and character. | ||
| Vigorous enforcement of an established code of ethics is the best way to prevent unscrupulous acts. | ||
| A distinguishing mark of a profession is setting appropriate fees. | ||
| A requirement for a profession is to establish ethical standards that stress a responsibility to the public, clients and colleagues. |
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