Question

55.The ethical standards for accountants.

(B)

A.are based on a conceptual framework approach requiring active consideration of fundamental principles with a reliance on professional judgement rather than specific rules

B.are based on a conceptual framework approach requiring active consideration of specific rules with less reliance on professional judgement

C.are based on a conceptual framework approach which seeks to increase the expectations gap

D.none of the above

Answer 1

here the correct option is A.are based on a conceptual framework approach requiring active consideration of fundamental principles with a reliance on professional judgement rather than specific rules. because in accountancy all the times rules are not important to follow, ethics is more based on the situation specific rather than rules specific that means it also requires proffesional's own decision making power because all the times situations will not be straight forward that you can easily apply rules and make decision if it is possible with onlyb rules than robots might have better work than the human being but the humans have better decision making power and accountancy's ethics requires the same the professional's judgement.