Yakub02
Banned
Introduction
Ethics can be difficult to define but it is principally concerned with human character and conduct. Ethical behaviour is more than obeying laws, rules and regulations.
It is about doing ‘the right thing’.
The accountancy profession is committed to acting ethically and in the public interest.
Professional accountants may find themselves in situations where values are in conflict with one another due to responsibilities to employers, clients and the public. The International Federation of Accountants (IFAC) publishes the “Handbook of the International Code of Ethics for Professional Accountants”.
This code provides guidance in situations where ethical issues arise. International accounting institutes often publish their own code of ethics in compliance with the IFAC code but taking account of local circumstances and requirements.
ICAN has published its own code of conduct which members and student members must follow. The code provides guidance in situations where ethical issues arise. Comment Most people are honest and have integrity and will always try to behave in the right way in a given set of circumstances.
However, accountants might face situations where it is not easy to see the most ethical course of action.
One of the main roles of the ICAN code is to provide guidance in these situations. Impact on members in practice All members and student members of ICAN are required to comply with the code of ethics and it applies to both accountants in practice and in business.
Ethics can be difficult to define but it is principally concerned with human character and conduct. Ethical behaviour is more than obeying laws, rules and regulations.
It is about doing ‘the right thing’.
The accountancy profession is committed to acting ethically and in the public interest.
Professional accountants may find themselves in situations where values are in conflict with one another due to responsibilities to employers, clients and the public. The International Federation of Accountants (IFAC) publishes the “Handbook of the International Code of Ethics for Professional Accountants”.
This code provides guidance in situations where ethical issues arise. International accounting institutes often publish their own code of ethics in compliance with the IFAC code but taking account of local circumstances and requirements.
ICAN has published its own code of conduct which members and student members must follow. The code provides guidance in situations where ethical issues arise. Comment Most people are honest and have integrity and will always try to behave in the right way in a given set of circumstances.
However, accountants might face situations where it is not easy to see the most ethical course of action.
One of the main roles of the ICAN code is to provide guidance in these situations. Impact on members in practice All members and student members of ICAN are required to comply with the code of ethics and it applies to both accountants in practice and in business.