f8 chep2 ethics and regulations

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  1. List 5 fundamental principles of ACCA code of ethics and conduct?
    • P professionalism
    • I  integrity
    • C confidentiality
    • C competence
    • O objectivity
  2. define monitoring unit
    the specific body that audits the auditors is called the monitoring unit.
  3. define recognised supervisory body (RSB)
    an ACCA is RSB. which means it holds the list of auditors and regularly checks on the quality.
  4. list matters should be considered before accepting audit job of new business?
    • 1 fee
    • 2 independence
    • 3 client risks
    • 4 geographical spread of client
    • 5 professional clearance
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f8 chep2 ethics and regulations
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audit
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