Page 162 - F1 - AB Integrated Workbook STUDENT 2018-19

Chapter 10

4.3 Dealing with unethical or illegal conduct

If an accountant uncovers unethical or illegal conduct within the organisation they
work for, there is a series of steps that they should take to deal with the issue.

Consult with whomever is

responsible for This may be a Compliance
Officer, or the Board of
governance or ethics Directors themselves
within the organisation

If the problem remains
unsolved, the accountant

should take legal advice e.g. ACCA
and/ or advice from their

professional body

If the situation still cannot be
resolved, the accountant
should consider reporting to
the relevant authorities and
withdrawing from the

engagement

Ethical issues are rarely clear-cut in the real world. There may not be
only one correct approach to take. In the exam, make sure you read
ethics scenarios and the options you are given carefully. Make sure you
don’t suggest a course of action that would breach ethical principles.

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