ACCA SBR UK Syllabus A. Fundamental Ethical And Professional Principles - Consequences Of Not Upholding Ethical Principles - Notes 4 / 4
Consequences
One of the more obvious consequences is professional disciplinary proceedings against unethical members
The results can be serious...
Fines / Prison
No longer being able to be a Director
Expelled from your professional body
Social Responsibility
Looking after society and the environment costs .... no question... but in today's world, thankfully, it also brings in sales
Companies are now often called 'corporate citizens'. With that comes social responsibility.
Not taking CSR seriously will damage your chances of investment and risk losing sales
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Ethical Implications Of Professional And Managerial Decisions
Syllabus A. Fundamental Ethical And Professional Principles
A1. Professional and ethical behaviour in corporate reporting
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The Importance Of A Conceptual Framework
Syllabus B. The Financial Reporting Framework
B1. The Applications Of An Accounting Framework