Asked by Bryan Velasquez Beltran on Jun 04, 2024
Verified
The Code of Ethics for Professional Accountants established by the International Federation of Accountants governs only the activities of accountants in public practice.
International Federation
A global organization or association that represents and governs a specific set of standards or interests across nations.
Code of Ethics
A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.
- Identify the role of ethical codes and the importance of ethical responsibility in professional accounting and business practices.
Verified Answer
RJ
Ryleigh JonesJun 07, 2024
Final Answer :
False
Explanation :
The Code of Ethics for Professional Accountants established by the International Federation of Accountants governs the activities of all professional accountants, whether in public practice, business, education, or government.
Learning Objectives
- Identify the role of ethical codes and the importance of ethical responsibility in professional accounting and business practices.
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