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Homework answers / question archive / Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards? Competence Confidentiality Integrity Credibility  

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards? Competence Confidentiality Integrity Credibility  

Finance

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards?

    1. Competence
    2. Confidentiality
    3. Integrity
    4. Credibility

 

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Answer: a . Competence

Competence refers to the one's ability to do something efficiently and successfully. In the above-mentioned question, Competence is the ethical standard violated by the accountant. According to his profession, he should have the knowledge of preparing a financial statement as per the industry standards but he fails to do so.

 

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