ExpertMedium2 marksMultiple Choice
ACCA · Question 26 · Professional ethics
An accountant working for an autonomous vehicle manufacturer discovers that the company is secretly altering crash-test data to secure government funding. The accountant decides to blow the whistle and report this to the regulatory authorities. Which IFAC fundamental principle is the accountant primarily upholding?
An accountant working for an autonomous vehicle manufacturer discovers that the company is secretly altering crash-test data to secure government funding. The accountant decides to blow the whistle and report this to the regulatory authorities. Which IFAC fundamental principle is the accountant primarily upholding?
Answer options:
A.
Confidentiality
B.
Professional Competence and Due Care
C.
Integrity
D.
Professional Behaviour
How to approach this question
The accountant is refusing to be associated with false information and is acting honestly. This is the core definition of Integrity in the IFAC code.
Full Answer
C.Integrity✓ Correct
The principle of Integrity implies fair dealing and truthfulness. An accountant must not be associated with reports, returns, or communications where they believe the information contains a materially false or misleading statement.
Common mistakes
Selecting Confidentiality. The accountant is actually overriding confidentiality to serve the higher principle of Integrity and public interest.
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