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JAMB Accounting 2010 Objective — Question 2

Question 2 of 50 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2010 Objective paper, with the correct answer and a full explanation.

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The major function of accounting bodies in Nigeria is to

  • A. provide proper financial management of businesses
  • B. provide good remuneration to the members of the profession
  • C. promote the ethics of the professionCorrect
  • D. show the dynamic nature of the profession

Explanation

The accounting bodies exist to: (i) regulate the accounting profession, (ii) promote the ethics of the profession, (iii) protect the interest of the members of the profession.

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