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ACCA · Question 45 · Syllabus F: Professional ethics
Which fundamental IFAC ethical principle requires an accountant to not allow bias, conflict of interest, or undue influence of others to override professional or business judgments? (Type the single word principle)
Which fundamental IFAC ethical principle requires an accountant to not allow bias, conflict of interest, or undue influence of others to override professional or business judgments? (Type the single word principle)
How to approach this question
Recall the 5 IFAC principles. Which one deals with bias and independence of mind?
Full Answer
The principle of Objectivity imposes an obligation on all professional accountants not to compromise their professional or business judgment because of bias, conflict of interest, or the undue influence of others.
Common mistakes
Typing 'Integrity' or 'Independence'. Independence is a concept related to objectivity, but the specific fundamental principle is Objectivity.
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