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According to the IFAC Code of Conduct,if a Professional Accountant

Question 8

Multiple Choice

According to the IFAC Code of Conduct,if a professional accountant acting as a money manager discovers that client funds are derived from illegal weapons sales to terrorists,the accountant has:


A) A duty to inform appropriate governmental authorities
B) A duty to return all fees received to date that were derived from the illegal proceeds of such sales
C) A duty to hold the illegal proceeds in trust for potential examination or appropriation by government investigators
D) Potentially committed a discreditable act that subjects the professional accountant to discipline under the IFAC Code of Conduct

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