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Chapter 13

Professional code of ethics

4.1 Principles

Behind a professional code of ethics, there are underpinning principles,
 Integrity – member should be straightforward and honest in all professional
business relationships

 Objectivity – members do not allow bias or conflict of interest in business
judgements

 Professional competence – duty to maintain professional knowledge and skill at
an appropriate level

 Confidentiality – information on clients not disclosed without appropriate specific
authority

 Professional behaviour – members must comply with relevant laws and prevent
actions discrediting the profession

Illustrations and further practice

Now try TYU question 3

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