Identify and explain the fundamental principles being referred to in the following cases. (ii) A professional accountant shall not knowingly be…
CA Intermediate · Auditing and Ethics · PYQS · January 2025
Identify and explain the fundamental principles being referred to in the following cases. (ii) A professional accountant shall not knowingly be associated with reports where he believes that the information contains a materially false or misleading statement. (2 Marks)
Suggested Answer and Working Notes:
(ii) A professional accountant shall not knowingly be associated with reports where he believes that the information contains a materially false or misleading statement: In the given case, integrity fundamental principle is being referred to, it prescribes that a professional accountant shall comply with the principle of integrity, which requires an accountant to be straightforward and honest in all professional and business relationships. Integrity implies fair dealing and truthfulness.
Topics: Risk Assessment and Internal Control, Ethics and Terms of Audit Engagements
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