Ethics Flashcards
1
Q
Def: objectivity
A
Not to compromise professional or business judgment because of bias, conflict of interest or undue influence on others
2
Q
Def: integrity
A
To be straightforward and honest in all professional and business relationships
3
Q
Def: confidentiality
A
To respect the confidentiality of information acquired as a result of professional and business relationships
4
Q
Def: professional behaviour
A
To comply with relevant laws and regulations and avoid any conduct that the professional accountant makes might discredit the profession
5
Q
What’s illegal, tax evasion or tax avoidance?
A
Tax evasion is illegal tax avoidance is legal
