Professional codes of ethics are issued by most professional bodies; the ACCA code was revised and reissued in 2006.
- The main reason for professional codes of ethics is to ensure that members/students observe proper standards of professional conduct
- Members and students will therefore refrain from misconduct and not make any serious departure from the ethical code.
- If the standards are not observed, then disciplinary action may be taken.
- Maintenance of a professional code of ethics helps the accountancy profession to act in the public interest by providing appropriate regulation of members.
Content:
Professional codes of ethics are issued by most professional bodies; the ACCA code was revised and reissued in 2006.
– The main reason for professional codes of ethics is to ensure that members/students observe proper standards of professional conduct
– Members and students will therefore refrain from misconduct and not make any serious departure from the ethical code.
– If the standards are not observed, then disciplinary action may be taken.
– Maintenance of a professional code of ethics helps the accountancy profession to act in the public interest by providing appropriate regulation of members.
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