Which of the following is NOT a safeguard against threats to compliance with ICAEW principles?

Which of the following is NOT a safeguard against threats to compliance with ICAEW principles?

• A. Education and training for entry into the profession
• B. Corporate governance regulations
• C. Self-imposed work limits
• D. Professional standards and monitoring

Answer: (C)

The correct choice identifies self-imposed work limits as not being a standard safeguard against threats to compliance with ICAEW principles. While self-imposed work limits can help an individual manage their own workload and potentially reduce risk, they are not universally recognized as a formal safeguard like the other options listed. Education and training for entry into the profession ensures that individuals have the necessary knowledge and understanding of ethical standards and compliance, which serves as a foundational safeguard against misconduct. Corporate governance regulations provide external frameworks and guidelines to promote ethical behavior and accountability within organizations, thereby helping to protect public interest. Professional standards and monitoring offer structured oversight mechanisms that ensure adherence to ethical and professional obligations, reducing the risk of non-compliance significantly. In summary, the other measures are formalized and recognized safeguards that play a critical role in maintaining compliance with established principles, while self-imposed work limits are more informal and dependent on individual discipline rather than a systematic approach.

The correct choice identifies self-imposed work limits as not being a standard safeguard against threats to compliance with ICAEW principles. While self-imposed work limits can help an individual manage their own workload and potentially reduce risk, they are not universally recognized as a formal safeguard like the other options listed.

Education and training for entry into the profession ensures that individuals have the necessary knowledge and understanding of ethical standards and compliance, which serves as a foundational safeguard against misconduct. Corporate governance regulations provide external frameworks and guidelines to promote ethical behavior and accountability within organizations, thereby helping to protect public interest. Professional standards and monitoring offer structured oversight mechanisms that ensure adherence to ethical and professional obligations, reducing the risk of non-compliance significantly.

In summary, the other measures are formalized and recognized safeguards that play a critical role in maintaining compliance with established principles, while self-imposed work limits are more informal and dependent on individual discipline rather than a systematic approach.