The rules of accounting bodies in Canada require their members to behave in the best interest of the profession and the public.Identify the situation where the accountant is acting in the best interest of the profession.An accountant
A)reports a fellow accountant after noticing that the accountant helped a client with tax evasion.
B)openly criticizes a fellow accountant's competencies after having lost a bid for a new client.
C)brags about his competence and professional title,and encourages clients to invest in a new venture he is starting.
D)refuses to cooperate with the new auditor after having lost a client.

Question

Quizplus · Accepted Answer

Reporting a fellow accountant for engaging in illegal activity (tax evasion) is not only in the best interest of the public but also the profession. It upholds the integrity and reputation of the accounting profession, which relies heavily on trust and honesty.

The Rules of Accounting Bodies in Canada Require Their Members