Code of Ethics for professional accountants summary PDF
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25 Code of Ethics for Professional Accountants -short notesThe mission of International Federation of Accountants (IFAC) is "worldwide development and enhancement of an accountancy profession with harmonized standards, able to provide services of consistently high quality in the public interest." In June 2005, the IESBA (formerly the Ethics Committee) issued a revised Code of Ethics for Professional Accountants. The revised Code establishes a conceptual framework for all professional accountants to ensure compliance with the five fundamental principles of ethics: Integrity.
Objectivity.
Professional Competence and Due Care.
Confidentiality.
Professional Behavior.
What are fundamental principles of the Code of Ethics for Professional Accountants?The fundamental principles within the Code – integrity, objectivity, professional competence and due care, confidentiality and professional behavior – establish the standard of behavior expected of a professional accountant (PA) and it reflects the profession's recognition of its public interest responsibility.
What are the five basic principles in professional ethics PDF?CIMA's Code of Ethics applies to all members and registered students. It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
Why code of ethics is important to professional accountants?This Code provides a framework to assist a professional accountant to identify, evaluate and respond to threats to compliance with the fundamental principles.
What are the five fundamental ethics of conduct of a professional accountant?The revised Code establishes a conceptual framework for all professional accountants to ensure compliance with the five fundamental principles of ethics:. Integrity.. Objectivity.. Professional Competence and Due Care.. Confidentiality.. Professional Behavior.. |
