Ethics for accounting professionals

Question 1

Integrity

Answer 1

Accountants should be honest and restrict themselves from personal gain or advantage in carrying out their duties.

Question 2

Objectivity

Answer 2

Accountants must remain free from biases and other questionable business relationships. Example avoid conflict of interest such as in the case of being an accountant for a family business.

Question 3

Professional competence and due care

Answer 3

Accountants must have the skills and knowledge necessary to carry out their duty. They must ‘learn throughout their career’.

Question 4

Confidentiality

Answer 4

Not disclose confidential information to unauthorized persons.

Question 5

Professional behaviour

Answer 5

To comply with laws and regulations and avoid any action that discredits the profession.