Ethics in Accounting

Professional competence and due care

A professional accountant has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques

Ethical Principles

A professional accountant is required to comply with a set of fundamental principles

Professional behaviour

A professional accountant should comply with relevant laws and regulations and should avoid any action that discredits the profession.

Objectivity

a profession accountant should not allow bais, conflict of interest or indue influence of others to override professional or business judgement

Integrity

a professional accountant should be straight forward and honest in all business relationships

Confidentiality

accountants should respect the confidentiality of information required as a result of professional and business relationships and should not disclose any such information to third parties unless there is a legal or professional right to do so.

Ethics

standards of conduct by which one's actions are judged as right or wrong, honest or dishonest, fair or not fair. Ethics can also be defined as a set of moral principles or values.