Page 155 - Microsoft Word - 00 ACCA F1 Notes Prelims.docx

Professional ethics in accounting and business

Overview

Importance of
Approaches to ethics
Definition of ethics
 consequentialist  higher profits
 pluralist ethics
 satisfied
stakeholders

BUILDING, LEADING

Professions AND MANAGING
TEAMS

Professional code of
ethics Corporate

 Integrity code of ethics
 Objectivity

 Professional
competence

 Confidentiality
 Professional Ethical threats Safeguards
behaviour
 Self interest  Ethics officer

 Self review  Legal/
 Advocacy professional

 Familiarity advice
 Intimidation  Reporting/
withdrawing

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