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anonymous basis or with a legal advisor under the protection of legal privilege. Instances in
which the professional accountant may consider obtaining legal advice vary. For example, a
professional accountant may have encountered a fraud, the reporting of which could breach the
professional accountant’s responsibility to respect confidentiality. The professional accountant
may consider obtaining legal advice in that instance to determine whether there is a requirement
100.22 If, after exhausting all relevant possibilities, the ethical conflict remains unresolved, a professional
accountant shall, where possible, refuse to remain associated with the matter creating the conflict.
The professional accountant shall determine whether, in the circumstances, it is appropriate to
withdraw from the engagement team or specific assignment, or to re-signal together from the
engagement, the firm or the employing organization. SECTION 110
110.1 The principle of integrity imposes an obligation on all professional accountants to be
straightforward and honest in all professional and business relationships. Integrity also implies
fair dealing and truthfulness.
110.2 A professional accountant shall not knowingly be associated with reports, returns, communications
or other information where the professional accountant believes that the information:
(a) Contains a materially false or misleading statement;
(b) Contains statements or information furnished recklessly; or
(c) Omits or obscures information required to be included where such omission or obscurity
would be misleading.
When a professional accountant becomes aware that the accountant has been associated with such
information, the accountant shall take steps to be disassociated from that information.
110.3 A professional accountant will be deemed not to be in breach of paragraph 110.2 If the professional accountant provides a modified report in respect of a matter contained in
paragraph 110.2. SECTION 120
120.1 The principle o...
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This document was uploaded on 04/03/2014.
- Spring '14