Page 147 - F1 - AB Integrated Workbook STUDENT 2018-19

Chapter 10

Professional ethics in accounting and

business

Outcome

By the end of this session you should be able to:

 define business ethics and explain the importance of ethics to the organisation
and to the individual

 describe and demonstrate the following principles from the IFAC code of ethics,
using examples

– integrity

– objectivity

– professional competence

– confidentiality

– professional behaviour

 describe organisational values which promote ethical behaviour using examples

– openness

– trust

– honesty

– respect

– empowerment

– accountability

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