Threats to Ethics Principles

Question 1

Self-Interest

Answer 1

Threat of personal interest or gain to influence an accountant’s professional behaviour

Question 2

Self-Review

Answer 2

Threat that an accountant will not appropriately evaluate the results of a previous judgement or service provided

Question 3

Familiarity

Answer 3

Threat that close relationships will impair an accountant’s objectivity or professional behaviour

Question 4

Intimidation

Answer 4

Threat that an accountant will be deterred from acting objectively due to actual or perceived pressure

Question 5

Advocacy

Answer 5

Threat that an accountant will promote a client’s or employer’s position to the point which their objectivity is compromised