ACCA BT Syllabus F. Professional Ethics - Typical Contents - Notes ^{2 / 3}

Typical framework for a Code of Conduct for Professional Accountants

1. Introduction and purpose

2. Fundamental principles and standards

3. General rules

4. Specific rules

5. Discipline

6. Interpretations of rules

Fundamental Principles in Codes of Conduct for Professional Accountants

Members should:

• Act in the public interest,

• At all times maintain the good reputation of the profession and its ability to serve the public interest,

• Perform with integrity, objectivity and independence, professional competence, due care and professional skepticism, and confidentiality,

• Not be associated with any misleading information or misrepresentation

CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS CONTENTS

Page PREFACE.................................................................................................................  2

PART A: GENERAL APPLICATION OF THE CODE
Introduction and Fundamental Principles...............................................................  4
Integrity............................................................................................................................  9
Objectivity....................................................................................................................... 10
Professional Competence and Due Care.................................................................. 11
Confidentiality................................................................................................................ 12
Professional Behavior................................................................................................... 14

PART B: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE
Introduction................................................................................................................... 16
Professional Appointment......................................................................................... 21
Conflicts of Interest.................................................................................................... 24
Second Opinions.......................................................................................................... 26
Fees and Other Types of Remuneration................................................................ 27
Marketing Professional Services............................................................................. 29
Gifts and Hospitality.................................................................................................. 30
Custody of Clients Assets.......................................................................................... 31
Objectivity–All Services............................................................................................. 32
Independence–Assurance Engagements............................................................... 33

PART C: PROFESSIONAL ACCOUNTANTS IN BUSINESS
Introduction................................................................................................................. 79
Potential Conflicts...................................................................................................... 83
Preparation and Reporting of Information.......................................................... 85
Acting with Sufficient Expertise............................................................................. 86
Financial Interests....................................................................................................... 87
Inducements................................................................................................................. 89
DEFINITIONS................................................................................................................. 91