Revised Code of Ethics in the Phils - 2010

Therefore the professional accountant in public

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Unformatted text preview: informed third party, weighing all the specific facts and circumstances available to the professional accountant at that time, would be likely to conclude adversely affects the good reputation of the profession. 150.2 In marketing and promoting themselves and their work, professional accountants shall not bring the profession into disrepute. Professional accountants shall be honest and truthful and not: (a) Make exaggerated claims for the services they are able to offer, the qualifications they possess, or experience they have gained; or (b) Make disparaging references or unsubstantiated comparisons to the work of others. 146 PART B—PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE Page Section 200 Introduction……………………………………………………………………….. 22 Section 210 Professional Appointment………………………………………………………... 27 Section 220 Conflicts of Interest………………………………………………………………. 31 Section 230 Second Opinions………………………………………………………………….. 33 Section 240 Fees and Other Types of Remuneration…………………………………………. 34 Section 250 Marketing Professional Services…………………………………………………. 36 Section 260 Gifts and Hospitality …………………………………………………………….. 37 Section 270 Custody of Client Assets ………………………………………………………… 38 Section 280 Objectivity―All Services………………………………………………………… 39 Section 290 Independence―Audit and Review Engagements .............................................. 40 Section 291 Independence―Other Assurance Engagements ................................................. 96 Interpretation 2005–1…………………………………………………………………………… 147 124 SECTION 200 Introduction 200.1 This Part of the Code describes how the conceptual framework contained in Part A applies in certain situations to professional accountants in publ...
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This document was uploaded on 04/03/2014.

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