Which of the following statements is not true for accountants in general?
A) They should be objective and free from bias when performing their duties.
B) The information they report should represent faithfully the underlying transactions and events.
C) They adopt different accounting methods to suit their own needs, and the needs of the company.
D) None of the given options is correct.

Question

Quizplus · Accepted Answer

Accountants should not adopt different accounting methods to suit their own needs or the needs of the company. They should follow generally accepted accounting principles and provide accurate and reliable information. This statement contradicts the principle of objectivity and integrity.

Which of the Following Statements Is Not True for Accountants