The Code of Ethics for Professional Accountants states that a public accountant should maintain integrity and objectivity. The term 'objectivity' refers to the ability:
A) to be unyielding in all matters dealing with auditing procedures.
B) to choose independently between alternative accounting treatments.
C) to distinguish independently between accounting practices that are acceptable and those which are not.
D) to maintain an impartial attitude on all matters that come under the accountant's review.

Question

Quizplus · Accepted Answer

Objectivity refers to maintaining an impartial attitude on all matters that come under the accountant's review, which means they should not have any bias or personal interest. This is important to maintain the credibility and trust of the accounting profession. Option A refers to inflexibility, Option B refers to independence in decision making, and Option C refers to distinguishing between acceptable and unacceptable accounting practices, but none of these fully capture the meaning of objectivity.

The Code of Ethics for Professional Accountants States That a Public