FREE ACCA Ethics and Professional Skills Questions and Answers

Question 1

Which of the following is a fundamental principle outlined in ACCA's Code of Ethics and Conduct?

Accepted Answer

Integrity

Answer

Creativity

Answer

Independence

Answer

Efficiency

Question 2

What is the primary purpose of the ACCA Ethics and Professional Skills module?

Accepted Answer

To develop ethical decision-making and professional behaviors

Answer

To test technical accounting knowledge

Answer

To assess time management skills

Answer

To focus on financial reporting skills

Question 3

What should an ACCA member do if asked to engage in a transaction that violates professional ethics?

Accepted Answer

Refuse the engagement and report it if necessary

Answer

Comply to maintain client relationships

Answer

Consult a legal advisor

Answer

Seek to adjust the transaction to appear ethical

Question 4

Which of the following best describes "professional competence and due care"?

Accepted Answer

Keeping skills and knowledge up-to-date to deliver competent services

Answer

Being innovative in professional tasks

Answer

Following company policies blindly

Answer

Prioritizing personal interests over client needs

Question 5

What is a conflict of interest in professional accounting?

Accepted Answer

When personal interests clash with professional duties

Answer

Disagreement between colleagues

Answer

Errors in financial reporting

Answer

Competition between two firms