ethics Flashcards
Name All Accounting Ethics
Integrity, Objectivity, Professional Competence and due care, Confidentiality, Professional Behavior
Definition of Integrity
Being straightforward and honest in all professional and business relationships.
Definition of Objectivity
Not allowing bias, conflict of interest or the undue influence of others to override professional or business judgements.
Definition of Professional competence and due care
Maintaining professional knowledge and skill at the level required to provide a competent professional service to an employer or client.
Definition of Confidentiality
Information acquired as a result of professional or business relationships should not be disclosed to third parties.
Definition of Professional Behavior
Complying with relevant laws and regulations and avoiding bringing the accountancy profession into disrepute.