Principles of Ethical Behaviour

Question 1

What is integrity?

Answer 1

Accountants must be straightforward and honest in all professional and business relationships

Question 2

What is objectivity?

Answer 2

Accountants must not allow bias, conflict of interest or undue influence of others to override professional judgements

Question 3

What is professional competence and due care?

Answer 3

Accountants must maintain professional knowledge and skills at the level required to ensure that the client or employer receives competent professional services

Question 4

What is confidentiality?

Answer 4

Accountants must not disclose any information obtained through their professional duties to 3rd parties without specific permission or legal duty to do so

Question 5

What is professional behaviour?

Answer 5

Accountants must comply with relevant laws and regulations and avoid any action that discredits the profession