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The professional and ethical duty of the accountant

The ACCA Code of Ethics

1.1 Why is a Code of Ethics required?

Financial statements are relied upon by different user groups when making economic
decisions. It is important that these users are not misled about the performance,
position and cash flows of an entity.

ACCA requires members to adhere to its code of ethics. This should ensure that
accountants are technically capable and sufficiently independent to comply with the
requirements of IFRS Standards.

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