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Ethics & Fraudhard18% of exam

An internal audit flags professional conduct and ethics and Integrity. Which response best protects compliance?

Correct Answer

C) Escalate unethical conduct to compliance

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Escalate unethical conduct to compliance".

Answer Options
A
Treat the requirement as satisfied by experience rather than the rule that governs the file.
B
Apply the rule only after a regulator requests the file.
C
Escalate unethical conduct to compliance
D
Treat the compliance requirement as optional because closing is near.

Why This Is the Correct Answer

professional conduct requires honesty, confidentiality, no prohibited compensation, and fair dealing. This item uses an exam-style scenario; any file details in the stem are illustrative and the governing rule controls the compliant response. The best answer is "Escalate unethical conduct to compliance".

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