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Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity A. 2, 3 and 4 only B. 1, 2 and 3 only C. 2 and 4 only D. 1, 3 and 4 only

Question

Which of the following are fundamental ethical principles for professional accountants? 1 Competence 2 Compliance 3 Integrity 4 Objectivity A. 2, 3 and 4 only B. 1, 2 and 3 only C. 2 and 4 only D. 1, 3 and 4 only

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Solution

The fundamental ethical principles for professional accountants are:

  1. Competence
  2. Integrity
  3. Objectivity

Therefore, the correct answer is D. 1, 3 and 4 only.

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