Yakub02
Banned
The fundamental principles ICAN’s Code of Ethics expresses its guidance in terms of five fundamental principles. These are:
(a) integrity;
(b) objectivity;
(c) professional competence and due care
(d) confidentiality; and
(e) professional behavior.
Integrity Members should be straightforward and honest in all professional and business relationships.
Integrity implies not just honesty but also fair dealing and truthfulness.
A chartered accountant should not be associated with reports, returns, communications or other information where they believe that the information:
(a) contains a materially false or misleading statement;
(b) contains statements or information furnished recklessly; or omits or obscures information required to be included where such omission or obscurity would be misleading. Objectivity Members should not allow bias, conflicts of interest or undue influence of others to override their professional or business judgements.
A chartered accountant may be exposed to situations that may impair objectivity.
It is impracticable to define and prescribe all such situations. Relationships that bias or unduly influence the professional judgment of the chartered accountant should be avoided.
Professional competence and due care Practising as a chartered accountant involves a commitment to learning over one’s entire working life.
Members have a duty to maintain their professional knowledge and skill at such a level that a client or employer receives a competent service, based on current developments in practice, legislation and techniques.
Members should act diligently and in accordance with applicable technical and professional standards. Continuing professional development develops and maintains the capabilities that enable a chartered accountant to perform competently within the professional environments.
(a) integrity;
(b) objectivity;
(c) professional competence and due care
(d) confidentiality; and
(e) professional behavior.
Integrity Members should be straightforward and honest in all professional and business relationships.
Integrity implies not just honesty but also fair dealing and truthfulness.
A chartered accountant should not be associated with reports, returns, communications or other information where they believe that the information:
(a) contains a materially false or misleading statement;
(b) contains statements or information furnished recklessly; or omits or obscures information required to be included where such omission or obscurity would be misleading. Objectivity Members should not allow bias, conflicts of interest or undue influence of others to override their professional or business judgements.
A chartered accountant may be exposed to situations that may impair objectivity.
It is impracticable to define and prescribe all such situations. Relationships that bias or unduly influence the professional judgment of the chartered accountant should be avoided.
Professional competence and due care Practising as a chartered accountant involves a commitment to learning over one’s entire working life.
Members have a duty to maintain their professional knowledge and skill at such a level that a client or employer receives a competent service, based on current developments in practice, legislation and techniques.
Members should act diligently and in accordance with applicable technical and professional standards. Continuing professional development develops and maintains the capabilities that enable a chartered accountant to perform competently within the professional environments.