According to the principle of Integrity under the Code of Ethics, a Chartered Accountant shall not knowingly be associated with information if the…

CA Final · Financial Reporting · MTP · September 2025
According to the principle of Integrity under the Code of Ethics, a Chartered Accountant shall not knowingly be associated with information if the accountant believes that the information:
(A) Is incomplete but immaterial to the user's decision-making process
(B) Contains a materially false or misleading statement
(C) Has been approved by a senior and hence requires no verification
(D) Is based on assumptions made in good faith, even if unverified

Suggested Answer and Working Notes:

Correct Answer: Option (B)

Contains a materially false or misleading statement

Topics: Ind AS 110

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