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Chapter 2

1.2 Principles in the ACCA Code of Ethics

Mnemonic for Principles – OPPIC

Over Pompous People Ignore Codes

Objectivity – not allowing bias, conflict of interest or the influence of other people to
override professional judgement.

Professional Competence and due care – an ongoing commitment to maintain
professional knowledge and skill so that clients receive a competent professional
service

Professional Behaviour – being compliant with relevant laws and regulations.

Integrity – being straightforward, honest and truthful in all professional and business
relationships.

Confidentiality – respecting the confidential nature of information acquired through
professional relationships.

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