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JAMB Principles of Accounts 2010 Question 2

Question 2

Introduction to Accounting

The major function of accounting bodies in Nigeria is to

  1. A.provide proper financial management of businesses
  2. B.provide good remuneration to the members
  3. C.promote the ethics of the profession
  4. D.show the dynamic nature of the profession.
Show the answer and explanation

Answer: C (promote the ethics of the profession)

Explanation

Bodies such as ICAN regulate accountants and enforce professional standards and ethics.