Chapter 2
2. Ethics
These are rules of conduct that guide an accountant's behavior. Accountants handle money and confidential information, so trust is key.
2.1 Ethics in Accountancy
✓ Integrity: Be straightforward and honest in all professional and business relationships.
✓ Objectivity: Do not allow bias, conflict of interest, or undue influence of others to override professional or business judgments.
✓ Professional Competence and Due Care: Maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service, and act diligently and in accordance with applicable technical and professional standards.
✓ Confidentiality: Respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, do not disclose any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose.
✓Professional Behavior: Comply with relevant laws and regulations and avoid any conduct that brings disrepute to the profession.