An ethical dilemma for professional accountants is when a conflict exists between each of the following except for:
A) The auditor and client
B) Different accounting members of management
C) The CEO and board of directors
D) All of these

Question

Quizplus · Accepted Answer

The CEO and board of directors are both part of the same organization and are expected to have aligned interests. Therefore, a conflict between them would be less of an ethical dilemma compared to conflicts between the auditor and client or different accounting members of management, which could involve ethical violations such as independence, objectivity, and integrity. Option D is incorrect because conflicts between any of these parties can potentially create ethical dilemmas for professional accountants.

An Ethical Dilemma for Professional Accountants Is When a Conflict