The Role of the Accountant

NotesQuiz

THE ROLE OF THE ACCOUNTANT IN PROMOTING ETHICAL BEHAVIOUR

  • While regulation is important, it is not on its own enough to achieve the objective of assuring quality and consistency of quality in the provision of professional services. 

    IFAC recognizes that values also are critical in driving behavior. 

    No regulation can be truly effective unless it is accompanied by ethical behavior.

  • It is the ethical behavior of the professional accountant that is the ultimate guarantee of good service and quality.

  • Education in values, especially through example and the appropriate use of experience and professional judgment, based on a solid educational foundation, and reinforced through continuing professional education, will be essential to the future of the accountancy profession. 

    Regulatory systems should be designed to promote and to achieve these behaviours.

  • High quality service from the profession is ultimately a function of professional standards, including ethics, personal competencies and values, and regulatory systems, all of which must be consistent with and supportive of one another.

NotesQuiz