Professional Accountants – NBC Institute

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

Question

The National tax policy (NTP) 2017, provides fundamental guidelines for the orderly development of the Nigerian tax system. Professional accountants are one of the major stakeholders that are expected to drive the tenets of the tax policy for economic development of the country. In guiding professional accountants to behave in a responsible ethical manner, the International Ethics Standards Board for Accountants (IESBA) develops and issues in the public interest, high-quality ethical standards and other pronouncements for use by professional accountants around the world.

Required:

a. Explain FIVE fundamental features as provided for in the NTP 2017, which the existing and future taxes are expected to align with. (5 Marks)

b. Identify and explain FOUR principles and guidance for accountants as specified in the IESBA codes. (10 Marks)

Answer

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Topic: Tax Administration and Dispute Resolution
Series: NOV 2023

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

Question

Present any FOUR fundamental ethical principles that should guide the actions of professional accountants in a way that would motivate a newly qualified accountant to comply with them.

Answer

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Tags: Competence, Ethical Principles, Integrity, Objectivity, Professional Accountants
Level: Level 2

Topic: Corporate Governance, Ethics in Business
Series: NOV 2016

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

Question

There is an increasing demand on professional accountants to pay close attention to ethical standards as they carry out their professional duties. This requires, among other considerations, that accountants act professionally and in the public interest. They are also expected to abide by the code of ethics of their profession and the corporate code of ethics of the organization in which they work.

Required:

a. Discuss the ethical considerations a professional accountant should attend to in the discharge of professional duties. (6 Marks)

b. What specific actions are you expected to take in order to serve the public interest? (5 Marks)

c. Discuss the nature and purpose of corporate code of ethics. (9 Marks)

Answer

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Tags: Corporate Code of Ethics, Ethics, Professional Accountants, Public Interest
Level: Level 2

Series: NOV 2018

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

Question

As a privileged member of society, a professional accountant has a vital role to play in protecting the public interest over and above personal considerations.

Required:
a. State SIX roles of a professional accountant in the efficient utilization of resources in society. (12 Marks)
b. Explain briefly FOUR advantages each of centralization and decentralization. (8 Marks)

(Total: 20 Marks)

Answer

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Tags: Centralization, Decentralization, Professional Accountants, Resource Utilization
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2015

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

Question

It is a common assertion that the general public has high expectations of the accountancy profession. State TWO roles each that are expected of professional accountants and accountancy bodies in promoting ethical behaviour.

Answer

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Tags: Accountancy Bodies, Ethical Behaviour, Professional Accountants
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2022

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

Question

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore, a professional accountant’s responsibility is not exclusively to satisfy the needs of an individual client or employer. In acting in the public interest, a professional accountant should observe and comply with the ethical requirements of the IFAC’s Code of Ethics. All accounting professionals are responsible for acting in the public interest, and for promoting professional ethics.

Required:
Comment on the implications of compliance or non-compliance of the ethical code of conduct by professional accountants.

Answer

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Tags: Ethical Conduct, IFAC Code, Professional Accountants, Public Interest
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: NOV 2017

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

Question

Required:

a. Explain FIVE fundamental features as provided for in the NTP 2017, which the existing and future taxes are expected to align with. (5 Marks)

b. Identify and explain FOUR principles and guidance for accountants as specified in the IESBA codes. (10 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Topic: Tax Administration and Dispute Resolution
Series: NOV 2023

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

Question

Present any FOUR fundamental ethical principles that should guide the actions of professional accountants in a way that would motivate a newly qualified accountant to comply with them.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competence, Ethical Principles, Integrity, Objectivity, Professional Accountants
Level: Level 2

Topic: Corporate Governance, Ethics in Business
Series: NOV 2016

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

Question

Required:

a. Discuss the ethical considerations a professional accountant should attend to in the discharge of professional duties. (6 Marks)

b. What specific actions are you expected to take in order to serve the public interest? (5 Marks)

c. Discuss the nature and purpose of corporate code of ethics. (9 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Code of Ethics, Ethics, Professional Accountants, Public Interest
Level: Level 2

Series: NOV 2018

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

Question

As a privileged member of society, a professional accountant has a vital role to play in protecting the public interest over and above personal considerations.

(Total: 20 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Centralization, Decentralization, Professional Accountants, Resource Utilization
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: NOV 2015

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accountancy Bodies, Ethical Behaviour, Professional Accountants
Level: Level 1

Topic: The Role of Professional Accountants in Business and Society
Series: MAY 2022

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

Question

Required:
Comment on the implications of compliance or non-compliance of the ethical code of conduct by professional accountants.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Ethical Conduct, IFAC Code, Professional Accountants, Public Interest
Level: Level 3

Topic: Regulatory Framework and Ethics
Series: NOV 2017

Question Tag: Professional Accountants

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AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

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AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

You're reporting an error for "AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution"

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

You're reporting an error for "CSME – Nov 2016 – L2 – Q5b – Ethics in Business"

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

You're reporting an error for "CSME – Nov 2018 – L2 – Q4 – Ethics in Business"

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

You're reporting an error for "BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society"

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

You're reporting an error for "BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society"

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

You're reporting an error for "CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics"

AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution

Outline of the fundamental features of NTP 2017 and principles from the IESBA codes for professional accountants.

You're reporting an error for "AT – Nov 2023 – L3 – SC – Q6 – Tax Administration and Dispute Resolution"

CSME – Nov 2016 – L2 – Q5b – Ethics in Business

Present four fundamental ethical principles for professional accountants and how they motivate compliance.

You're reporting an error for "CSME – Nov 2016 – L2 – Q5b – Ethics in Business"

CSME – Nov 2018 – L2 – Q4 – Ethics in Business

Discuss ethical considerations for accountants, actions to serve the public interest, and the nature and purpose of a corporate code of ethics.

You're reporting an error for "CSME – Nov 2018 – L2 – Q4 – Ethics in Business"

BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society

Discussing the roles of professional accountants and the advantages of organizational structures.

You're reporting an error for "BF – Nov 2015 – L1 – SB – Q4 – The Role of Professional Accountants in Business and Society"

BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society

Roles of professional accountants and accountancy bodies in promoting ethical behaviour.

You're reporting an error for "BMF – May 2022 – L1 – SB – Q5c – The Role of Professional Accountants in Business and Society"

CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics

Discuss the implications of compliance or non-compliance with the ethical code of conduct for professional accountants.

You're reporting an error for "CR – Nov 2017 – L3 – Q5d – Regulatory Framework and Ethics"

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