Which most closely identiﬁes why it is important for payroll accountants to adhere to the Code of Ethics?
A) To maintain company proﬁtability.
B) To overlook fraudulent actions of company oﬃcers.
C) To maintain personal standards only.
D) To protect the assets of the company and remit money owed to the government.

Question

Quizplus · Accepted Answer

Payroll accountants are responsible for ensuring that employees are paid accurately and on time, and that taxes are withheld and remitted to the government. Adhering to the Code of Ethics is important because it helps the payroll accountant maintain their professional integrity and ensure that they are acting in the best interest of the company they work for. This includes protecting the assets of the company and remitting money owed to the government, which can help avoid penalties and legal issues for the company. Failing to adhere to the Code of Ethics can result in ethical and legal violations that can damage the reputation of the accountant and the company.

Which Most Closely Identiﬁes Why It Is Important for Payroll