ACCA EPSM Ethics and Professional Skills Professional Ethics MCQs Test 1

Practice ACCA 2026 EPSM Ethics and Professional Skills MCQs from Professional Ethics. Get instant results with Explanation.

Practice Quiz 1 for "Professional Ethics" (Ethics and Professional Skills). Total 21 MCQs available, split into 3 quizzes. Start with the fundamentals and build a strong base. Mastering these concepts is essential for securing a high percentile in ACCA.

General10 MCQs

1. What are the fundamental principles of professional ethics?

A. There are three fundamental principles: integrity, objectivity, and confidentialityB. There are five fundamental principles: integrity, objectivity, professional competence, confidentiality, and professional behaviourC. There are four fundamental principles: integrity, objectivity, confidentiality, and competenceD. There are six fundamental principles: integrity, objectivity, competence, confidentiality, behaviour, and independence

2. What is the principle of integrity in professional ethics?

A. Integrity means being competent in one's workB. Integrity means maintaining confidentialityC. Integrity means being straightforward and honest in professional relationshipsD. Integrity means acting in one's own interest

3. What is the principle of objectivity in professional ethics?

A. Objectivity requires not allowing bias or conflicts of interest to influence judgmentsB. Objectivity means being honest in all mattersC. Objectivity means maintaining confidentialityD. Objectivity means acting in the client's best interest at all times

4. What is the principle of professional competence and due care?

A. Professional competence means having a university degreeB. Professional competence means having many years of experienceC. Professional competence means being able to perform all tasks without assistanceD. Professional competence requires maintaining knowledge and skill and acting with due care

5. What is the principle of confidentiality in professional ethics?

A. Confidentiality means sharing all client information with colleaguesB. Confidentiality means not disclosing client information without proper authorityC. Confidentiality means keeping all information, even illegal activities, secretD. Confidentiality is not a fundamental principle

General10 MCQs

6. What is the principle of professional behaviour?

A. Professional behaviour means always agreeing with the clientB. Professional behaviour means achieving the highest profitsC. Professional behaviour requires complying with laws and avoiding actions that discredit the professionD. Professional behaviour is not a fundamental principle

7. What is the concept of independence in professional ethics?

A. Independence includes both independence of mind and independence in appearanceB. Independence only applies to non-audit servicesC. Independence is not a requirement for auditorsD. Independence is the same as objectivity

8. What is the role of the IESBA Code of Ethics?

A. The IESBA Code is only for auditorsB. The IESBA Code is optional for professional accountantsC. The IESBA Code is not relevant for professional ethicsD. The IESBA Code provides a framework for ethical decision-making and identifying threats

9. What are the categories of threats to compliance with the fundamental principles?

A. There are three categories of threats: self-interest, familiarity, and intimidationB. There are five categories of threats: self-interest, self-review, advocacy, familiarity, and intimidationC. There are four categories of threats: self-interest, self-review, advocacy, and intimidationD. Threats are not categorised in the IESBA Code

10. What is a self-interest threat in professional ethics?

A. Self-interest threats are not a concern for professional accountantsB. Self-interest threats only relate to audit feesC. Self-interest threats arise from financial or other interests that could influence judgmentD. Self-interest threats are the same as familiarity threats

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ACCA

Conducting Body: Association of Chartered Certified Accountants

Frequency: Exam Frequency Year Round | Time: 60 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 116 MCQs):

Subject breakdown not available.

Merit Formula: -

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ACCA EPSM Ethics and Professional Skills Professional Ethics MCQs Test 1

📋 ACCA - Test Online Practice Quizzes

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