ACC411 – 2019

_________ threat occurs when a financial or other interest of the professional accountant or of immediate or close family member will inappropriately influence the professional accountants judgment, conduct or behaviour.
·            Self-interest
·            Self-review
·            Advocacy
·            Familiarity
The ________ is saddled with the responsibility of setting, enforcing and monitoring compliance of accounting and auditing standards in Nigeria.
·            IFRS
·          NSE
·            IPSAS
·            FRCN
__________ imposes an obligation on all professional accountants to be straightforward and honest in all professional and business relationships.
·            Integrity
·            Fairness
·            Conservatism
·          Prudency
_______ implies that a professional accountant is not obliged to perform a professional service if the accountants professional judgment can be biased or influenced with respect to that service.
·            Fairness
·            Objectivity
·            Integrity
·            Conservatism
The principle of ______ imposes an obligation on all professional accountants to comply with relevant laws and regulations and avoid any action that may discredit the profession.
·          Regulation
·          Legality
·            compliance
·          professional behavior
_________ is the practice of charging less than the market rate for an audit when tendering for new clients
·            Guarantee
·            Lowballing
·            Contigency
·            Valuation
Audit and assurance services are regulated through the following except _______
·            Constructive regulation
·            Ethical Regulation
·            Professional Regulation
·            Legal Regulation
The principle of _______ provides that an accountant must not use information acquired as a result of professional and business relation for his personal advantage or that of third parties.
·            generalization
·            respect
·            confidentiality
·            authority
_________ is the transformation of “dirty money” to “clean money”
·            Money laundering
·            Currency laundering
·            Money cleansing
·            Currency changing
 

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link