If a public accounting firm says it always follows the rule that requires adherence to FASB pronouncements in order to give a standard unqualified auditors' report,it is following a philosophy characterized by
A) The imperative principle in moral philosophy.
B) The utilitarian principle in moral philosophy.
C) The generalization principle in moral philosophy.
D) Reliance on members' collective conscience.

Question

Quizplus · Accepted Answer

The imperative principle in moral philosophy is focused on fulfilling duties and obligations. By saying that they always follow the rule that requires adherence to FASB pronouncements, the public accounting firm is indicating that they feel it is their duty to follow these guidelines in order to provide a standard unqualified auditors' report.

If a Public Accounting Firm Says It Always Follows the Rule