The principle of professional behavior requires a

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27. The principle of professional behavior requires a professional accountant to a. Be straightforward and honest in performing professional services. b. Be fair and should not allow prejudice or bias, conflict of interest or influence of others to override objectivity. c. Perform professional services with due care, competence and diligence.
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Page 5 of 21 d. Act in a manner consistent with the good reputation of the profession and refrain from any conduct which might bring discredit to the profession. 28. Which of the following is not explicitly referred to in the Code of Ethics as source of technical standards? THE CODE 29. Which statement is incorrect regarding the Code of Code of Ethics for Professional Accountants in the Philippines? PART A – APPLICABLE TO ALL PROFESSIONAL ACCOUNTANTS SECTION 1 - Integrity and Objectivity 30. Which of the following is incorrect regarding integrity and objectivity? SECTION 2 - Resolution of Ethical Conflicts 31. Professional accountants may encounter problems in identifying unethical behavior or in resolving an ethical conflict. When faced with significant ethical issues, professional accountants should do the following, except a. Follow the established policies of the employing organization to seek a resolution of such conflict. b. Review the conflict problem with the immediate superior if the organization’s policies do not resolve the ethical conflict. c. If the problem is not resolved with the immediate superior and the professional accountant determines to go to the next higher managerial level, the immediate superior need not be notified of the decision. d. Seek counseling and advice on a confidential basis with an independent advisor or the applicable professional accountancy body or regulatory body to obtain an understanding of possible courses of action.
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