ACC411 Tma Solutions

ACC411

Question: ________ is the threat that a financial or other interest of the professional accountant or of immediate\nor close family member will inappropriately influence the professional accountant’s judgment,\nconduct or behaviour.
Answer: Self -interest threat

Question: Under SOX, the _____ and _____ are required to certify the reports and accounts filed and accept responsibility for their truth and fairness.
Answer: CEO & CFO

Question: _______ of professional accountants requires them to be straightforward and honest in all professional and business relationships.
Answer: integrity

Question: There is a ______threat when a professional accountant reviews his or her own work
Answer: self-review

Question: 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.
Answer: professional behavior

Question: _______ is the separation of illegally obtained money from its source through a series of financial transactions that makes it difficult to trace the origin
Answer: Layering

Question: There are _____ stages in money laundering
Answer: 3

Question: A minimum period of _____years is prescribed for the retention of audit working papers.
Answer: 7

Question: ________ involves physically introducing or placing illegally obtained\nmoney into the financial system or the retail economy.
Answer: Placement

Question: Audit engagement are mandatorily rotated every _______ years
Answer: 5

Whatsapp Chat: 08039407882 for your Exam Summary I Online Tutorial I Projects Writeups

Follow on Twitter for your Free Past Questions I Free Exams Summary I Free Past Tma Questions

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
%d bloggers like this: