CPA Accountant Review Questions

Answer - B - Competence, objectivity, and confidentiality are three key terms used to describe the ethical responsibilities of accountants.

Key Takeaway: All three codes of ethics that apply to accountants-those provided by the AICPA (American Institute of CPA’s), the IMA (Institute of Management Accountants), and the IIA (the Institute of Internal Auditors)-reference these key responsibilities of competence, objectivity, and confidentiality in their ethics codes.