Ethics Flashcards
What is a self-interest threat?
when financial or other interests influence the members judgement or behaviour
What is a self-review threat?
When a previous judgement needs to be re-evaluated by the member responsible for that judgement for example: refusing to check your own work because you think you did it correctly the first time, even if you did, it should still be checked again
What is an advocacy threat?
The threat of objectivity being breached due to bias or conflict
What is a familiarity threat?
When, due to a close personal relationship, a member becomes too sympathetic to the interest of others
What is an intimidation threat?
When a member may be deterred from acting objectively by threats
What is the integrity principle?
Being honest and straight forward in all professional and business relationships
What is the objectivity principle?
Not allowing bias, conflict or undue influence of others to override professional or business judgements
What is the professional competence and due care?
Continuing to have a duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives a competent professional service
What is the confidentiality principle?
the obligation to keep personal information private and secure in accordance with legal and ethical principles.
