asked 112k views
5 votes
Accountants must abide by a strict code of ethics that defines their responsibilities to

a. their clients only.
b. their clients and the public interest.
c. the public only.
d. their investors and shareholders.
e. government regulators.

asked
User Zelene
by
8.7k points

1 Answer

4 votes

Final answer:

Accountants must abide by a code of ethics that includes responsibilities to clients and the public interest.

Step-by-step explanation:

Accountants must abide by a strict code of ethics that defines their responsibilities to their clients and the public interest. This means that accountants have a duty to act in the best interest of their clients while also considering the impact of their actions on the public. For example, accountants are required to maintain the confidentiality of client information to protect their clients' interests, but they also have a responsibility to report any financial irregularities that may harm the public.

answered
User Mechanic
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories