The Code of Ethics for Professional Accountants adopts a conceptual framework that involves:
A) a system of safeguards that reduce threats to an acceptable level.
B) a framework for identifying, evaluating, and resolving threats to the fundamental principles.
C) a principles approach because it is impossible to anticipate every situation that might generate an ethical problem for a professional accountant.
D) all of the above

Question

Quizplus · Accepted Answer

The Code of Ethics for Professional Accountants adopts a conceptual framework that involves a system of safeguards that reduce threats to an acceptable level, a framework for identifying, evaluating, and resolving threats to the fundamental principles, and a principles approach because it is impossible to anticipate every situation that might generate an ethical problem for a professional accountant. Therefore, all of the above options are correct.

The Code of Ethics for Professional Accountants Adopts a Conceptual