Business Studies · Professional Ethics
All members of the ACCA are required to act ethically and comply with the fundamental principles enshrined in the code of ethics of the IFAC: 1. Integrity 2. Objectivity 3. Professional competence and due care 4. Confidentiality 5. Professional behaviour Chris, a member of the ACCA employed as the CFO of a major company, is instructed by his CEO to write off non-obsolete inventory as obsolete to minimize the company's tax liability. Which combination of principles will be breached if Chris complies with these instructions?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11 and 2
- 23 and 5
- 31, 2, 3 and 5✓
- 41, 2, 3, 4 and 5
Correct answer
1, 2, 3 and 5
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