Which of the following is an example of a safeguard created by the 'work environment' rather than a safeguard created by the 'profession, legislation, or regulation'?

Answer options:

Continuing Professional Development (CPD) requirements

Corporate governance regulations

The firm's internal quality control policies

How to approach this question

Distinguish between external rules (laws, ACCA rules) and internal rules (company policies).

Full Answer

C.The firm's internal quality control policies✓ Correct

Safeguards against ethical threats fall into two broad categories: those created by the profession/legislation (e.g., education, CPD, corporate governance laws) and those in the work environment (e.g., firm-wide internal controls, disciplinary processes, peer reviews).

Common mistakes

Failing to distinguish between external regulatory safeguards and internal firm safeguards.

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Practice the full ACCA BT — Business & Technology Practice Exam 6

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