A professional accountant shall comply with each of the fundamental principles
1. Integrity
- straightforward & honest
- fair dealing & truthfulness
2. Objectivity
- not to compromise professional judgement
(bias, conflict of interest or undue influence)
3. Professional competence & due care
- attain & Maintain professional knowledge & skill at the level required
- ensure that client / employing organization receives competent professional service
- Diligence - responsibility to act carefully, thoroughly & on a timely basis in accordance with requirements of an assignment
4. Confidentiality
- serves public interest
- free flow of information from professional accountant's client or employing organization to accountant with understanding that it will not be disclosed to 3rd party (unless required by law)
5. Professional behavior
- comply with relevant laws & regulations
- avoid any conduct that might discredit the profession
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5. 11. Auditing Ethics
Random"Ethics" means moral principles - which govern a person's behavior or his conducting of an activity. It is the branch of knowledge - deals with moral principles. It is a state of mind - to act & perform in accordance with moral principles The scienc...
