Peter is the owner of a fast-food franchise.When his payroll accountant quit,he hired his wife,Karen,to take over the payroll responsibilities.Peter prefers to review the payroll records prior to disbursement and often asks Karen to add or subtract amount from employee pay.Which ethical principle most closely describes Peter and Karen's unethical actions?
A)Objectivity and Independence
B)Integrity
C)Public Interest
D)Responsibilities

Question

Quizplus · Accepted Answer

Peter and Karen's actions violate the ethical principle of Objectivity and Independence, which requires accountants to be honest, unbiased, and free from conflicts of interest. By allowing his wife to handle the payroll and then reviewing and altering the records, Peter is compromising objectivity and independence in favor of personal interests.

Peter Is the Owner of a Fast-Food Franchise