Solved

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

Question 5

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

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions