alleryStart learning →Offered work beyond their competence, what should accountants do?
AAccept and learn on the job
BAccept at a reduced fee
CDecline unless competent
DSubcontract it secretly
Answer & Solution
Correct answer: C. Decline unless competent
Accountants must not accept work they do not believe they are competent to perform, whatever the subject matter.
Keep practising Assurance Services
Browse all Assurance Services questions for CA Final, or explore more Auditing topics.
Related questions
How long does ongoing FCPA due diligence on a relationship last?Due diligence has emerged as a separate profession for accounting experts, usually called Which US law made due diligence a legal term?A buyer examines a target company before a takeover. This is a common example of what?What does due diligence mean in general business usage?In forensic rating models, ratios weighted by coefficients to give an overall value are caWhy do forensic accountants use plain terms?The investigation of which gangster's finances is credited with showing the value of foren