File Name: acca code of ethics and conduct .zip
A code of ethics and professional conduct outlines the ethical principles that govern decisions and behavior at a company or organization. They give general outlines of how employees should behave, as well as specific guidance for handling issues like harassment, safety, and conflicts of interest. A code of ethics is broad, giving employees or members a general idea of what types of behavior and decisions are acceptable and encouraged at a business or organization. A code of conduct is more focused. It defines how employees or members should act in specific situations. Yes, in most cases businesses will combine both of these documents into one as there is significant overlap between them.
Personal ethics refers to the ethics that a person identifies with in respect to people and situations that they deal with in everyday life. Professional ethics refers to the ethics that a person must adhere to in respect of their interactions and business dealings in their professional life. In some cases, personal and professional ethics may clash and cause a moral conflict. For example:. More often than not people at work resolve moral conflicts by drawing a line between their professional and individual roles. In other words, they separate their work from their personal life and follow their professional code of conduct.
Part A establishes the fundamental principles of professional ethics for accountants and provides a conceptual framework, which professional accountants should apply to:. You should use professional judgment in applying this conceptual framework. They provide examples of safeguards that may be appropriate to address threats to compliance with the fundamental principles. They also describe situations where safeguards aren't available to address the threats, and consequently, the circumstance or relationship creating the threats shall be avoided. Part B applies to professional accountants in public practice and Part C applies to professional accountants in business.
This Exposure Draft was developed and approved by the. The IESBA is an independent standardsetting board that develops and issues high- quality ethical - standards and other pronouncements for professional accountants worldwide. Please submit comments in both PDF and Word files. Revised Code of Ethics for professional accountants. Comments due: April 18,
Click Here for a printable PDF of this document! Article I. Name and Mission. Section 1. Section 2.
integrity - being straightforward and honest in all professional and business relationships;; objectivity - not allowing bias, conflicts of interest or undue influence of.
This Code is not intended to, and could not possibly provide easy answers, formula, or prescriptive solutions for the complex issues early childhood professionals face in their work. Guide to the Code The Purpose of the Code. Breach of a Requirement of the Code. Code of Ethics and Conduct This factsheet has no regulatory status.
Updated: Aug 18, As this topic is easily seen in various papers, familiarising the knowledge and understanding how to apply in answering questions are crucial in passing the exams. IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies.
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. In order to ensure that it remains relevant and reflects the changing dynamics and pressures of the profession, the Code of Ethics was reviewed and updated for View the Code of Ethics. Read an article summarising the changes to the Code of Ethics. View a transcript of the animation.