Which statement is incorrect regarding
the Code of Ethics for Professional
Accountants in the Philippines?
a. Professional accountants refer to persons
who are Certified Public Accountants
(CPA) and who hold a valid certificate
issued by the Board of Accountancy.
b. Where a national statutory
requirement is in conflict with a
provision of the IFAC Code, the IFAC
Code requirement prevails.
c. The Code of Ethics for Professional
Accountants in the Philippines is
mandatory for all CPAs and is applicable
to professional services performed in the
Philippines on or after January 1, 2004.
d. Professional accountants should consider
the ethical requirements as the basic
principles which they should follow in
performing their work
the Code of Ethics for Professional
Accountants in the Philippines?
a. Professional accountants refer to persons
who are Certified Public Accountants
(CPA) and who hold a valid certificate
issued by the Board of Accountancy.
b. Where a national statutory
requirement is in conflict with a
provision of the IFAC Code, the IFAC
Code requirement prevails.
c. The Code of Ethics for Professional
Accountants in the Philippines is
mandatory for all CPAs and is applicable
to professional services performed in the
Philippines on or after January 1, 2004.
d. Professional accountants should consider
the ethical requirements as the basic
principles which they should follow in
performing their work