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ACCOUNTING ETHICS EXAM 2025 QUESTIONS AND ANSWERS You feel strongly about an environmental issue that is at odds with your company's development plans. How should your personal values and beliefs interact with the financial decisions you make? - ....ANSWER ...- Accountants must prevent their personal values and beliefs from affecting a financial decision. Why has the accounting profession established a set of recognized ethical standards for accountants? - ....ANSWER ...-Accountants are held to a public trust. You are the chief financial officer (CFO) of your corporation. If you knowingly sign off on inaccurate financial statements, what does this mean in terms of the Sarbanes-Oxley (SOX) Act? - ....ANSWER ...-You will face penalties and perhaps criminal charges. In which situation are you exercising independence under the six principles of the International Ethics Standards Board for Accountants (IESBA)? - ....COPYRIGHT ©️ 2025 ALL RIGHTS RESERVED...TRUSTED & VERIFIED 1