1|Page
AAT LEVEL 3 ETHICS QUIZZES & ANS SCORED
A+
What are ethics? - ....ANSWER ....✔✔ A moral set of
principles that guide behavior
What does acting in the public interest involve? -
....ANSWER ....✔✔ Having a duty to society as a
whole
What are the 3 parts of the AAT Code? - ....ANSWER
....✔✔ Part A - Applies to everyone
Part B - Applies to members in practice
Part C - Applies to members in business
The AAT Code takes a rules based approach. True or
False? - ....ANSWER ....✔✔ False
Is the AAT Code legally binding? - ....ANSWER ....✔✔
No
,2|Page
As a minmum, the AAT Code expects you to comply with
the laws and regulations of the country in which you live
and work. True or False? - ....ANSWER ....✔✔ True
What requirements does the AAT have for its members?
- ....ANSWER ....✔✔ That they maintain the
reputation, maintain public confidence and protect the
public interest.
What is the 'Tone at the Top' approach? - ....ANSWER
....✔✔ Where the senior management lead by
example
What does IBE stand for? - ....ANSWER ....✔✔
Institute of Business Ethics
What are the IBE's ethical tests for business decisions? -
....ANSWER ....✔✔ Transparency - Do I mind others
knowing what i have decided?
Effect - Who does my decision affect or hurt?
Fairness - Would my decision be considered fair by
those affected?
, 3|Page
What does the law is a floor mean? - ....ANSWER
....✔✔ The law is what the ethical principles are
based around. The bare minimum.
Give examples of civil and criminal law? - ....ANSWER
....✔✔ Civil - Breach of Contract, Negligence...
Criminal - Money Laundering, Fraud
If someone doesn't comply with professional competence
and due care, what may they be liable for? -
....ANSWER ....✔✔ Breach of Contract
Negligence
What is tort? - ....ANSWER ....✔✔ A wrong act not
under contract
What is the IFAC? - ....ANSWER ....✔✔ The
International Federation of Accountants represents all
the major accountancy bodies across the world
What is the IESBA? - ....ANSWER ....✔✔ The
International Ethics Standards Board for Accountants
publish a 'Code of Ethics for Professional Accountants'
for all bodies to comply with
AAT LEVEL 3 ETHICS QUIZZES & ANS SCORED
A+
What are ethics? - ....ANSWER ....✔✔ A moral set of
principles that guide behavior
What does acting in the public interest involve? -
....ANSWER ....✔✔ Having a duty to society as a
whole
What are the 3 parts of the AAT Code? - ....ANSWER
....✔✔ Part A - Applies to everyone
Part B - Applies to members in practice
Part C - Applies to members in business
The AAT Code takes a rules based approach. True or
False? - ....ANSWER ....✔✔ False
Is the AAT Code legally binding? - ....ANSWER ....✔✔
No
,2|Page
As a minmum, the AAT Code expects you to comply with
the laws and regulations of the country in which you live
and work. True or False? - ....ANSWER ....✔✔ True
What requirements does the AAT have for its members?
- ....ANSWER ....✔✔ That they maintain the
reputation, maintain public confidence and protect the
public interest.
What is the 'Tone at the Top' approach? - ....ANSWER
....✔✔ Where the senior management lead by
example
What does IBE stand for? - ....ANSWER ....✔✔
Institute of Business Ethics
What are the IBE's ethical tests for business decisions? -
....ANSWER ....✔✔ Transparency - Do I mind others
knowing what i have decided?
Effect - Who does my decision affect or hurt?
Fairness - Would my decision be considered fair by
those affected?
, 3|Page
What does the law is a floor mean? - ....ANSWER
....✔✔ The law is what the ethical principles are
based around. The bare minimum.
Give examples of civil and criminal law? - ....ANSWER
....✔✔ Civil - Breach of Contract, Negligence...
Criminal - Money Laundering, Fraud
If someone doesn't comply with professional competence
and due care, what may they be liable for? -
....ANSWER ....✔✔ Breach of Contract
Negligence
What is tort? - ....ANSWER ....✔✔ A wrong act not
under contract
What is the IFAC? - ....ANSWER ....✔✔ The
International Federation of Accountants represents all
the major accountancy bodies across the world
What is the IESBA? - ....ANSWER ....✔✔ The
International Ethics Standards Board for Accountants
publish a 'Code of Ethics for Professional Accountants'
for all bodies to comply with
