CAT / FIA FBT Syllabus F. Professional Ethics In Accounting And Business - Safeguards Against Ethical Threats and Dilemmas - Notes ^{4 / 4}

Safeguards that may eliminate or reduce ethical threats to an acceptable level fall into two broad categories:

1. Safeguards created by the profession, legislation or regulation; and

2. Safeguards in the work environment.

These may include:

• Educational, training and experience requirements for entry into the profession.

• Continuing professional development requirements.

• Corporate governance regulations.

• Professional standards.

• Professional or regulatory monitoring and disciplinary procedures.

• External review by a legally empowered third party of the reports, returns, communications or information produced by a warrant holder.