The Code of Ethics for Professional Accountants adopts a conceptual framework that involves:
A) a system of safeguards that reduce threats to an acceptable level.
B) a framework for identifying, evaluating and resolving threats to the fundamental principles.
C) principles approach because it is impossible to anticipate every situation that might generate an ethical problem for a professional accountant.
D) all of the above

Question

Quizplus · Accepted Answer

The Code of Ethics for Professional Accountants adopts a conceptual framework that involves all of the choices listed. It includes a system of safeguards that reduce threats to an acceptable level, a framework for identifying, evaluating and resolving threats to the fundamental principles, and a principles approach because it is impossible to anticipate every situation that might generate an ethical problem for a professional accountant.

The Code of Ethics for Professional Accountants Adopts a Conceptual