2012年ACCA考试《p2公司报告》讲义辅导5

2012年ACCA考试《p2公司报告》讲义辅导5

5.Principles and guidance on professional ethics
　　A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest.
　　The fundamental principles
　　Integrity – straightforward and honest
　　Objectivity – should not allow bias, conflict of interest or undue influence of others
　　Professional competence and due care – members have a continuing duty to maintain professional knowledge and skill at a level required to ensure that a client or employer receives the advantage of competent professional service based on current developments in practice.
　　Confidentiality – should not disclose, unless there is a legal or professional right or duty to disclose
　　Professional behavior – comply with relevant laws and regulations and should avoid any action that discredits the profession
　　Ethical framework
6.Practical situations
　　Consider the following:
　　. relationships – boss, subordinate, husband, friend
　　. consequences – survival of the company, company’s reputation, company as a whole is amoral
　　. actions – informal discussions, further investigation, tightening up of controls or the introduction of new ones, attention to organizational matters
7.Examination questions: an approach
　　In a situation involving ethical issues, there are practical steps that should be taken:
　　. establish the facts of the situation by further investigation and work
　　. consider the alternative options available for action
　　. consider whether any professional guidelines have been breached
　　. state the best course of action based on the steps above
　　Use the terminology of the ethical guidelines:
　　Objectivity: integrity, fairness, bias, influence
　　Independence: