Revised Code of Ethics in the Phils - 2010

This code of ethics for professional accountants

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Unformatted text preview: e profession’s expertise is most relevant. In pursuing this mission, the IFAC Board has established the International Ethics Standards Board for Accountants (IESBA) to develop and issue, under its own authority, high quality ethical standards and other pronouncements for professional accountants for use around the world. This Code of Ethics for Professional Accountants (IESBA Code) establishes ethical requirements for professional accountants. A member body of IFAC or firm shall not apply less stringent standards than those stated in this Code. However, if a member body or firm is prohibited from complying with certain parts of this Code by law or regulation, they shall comply with all other parts of this Code. Some jurisdictions may have requirements and guidance that differ from those contained in this Code. Professional accountants in those jurisdictions need to be aware of those differences and comply with the more stringent requirements and guidance unless prohibited by law or regulation. PART A—GENERAL APPLICATION OF THE IESBA CODE Page Section 100 Introduction and Fundamental Principles ............................................................. 9 Section 110 Integrity ................................................................................................................. 15 Section 120 Objectivity ............................................................................................................. 16 Section 130 Professional Competence and Due Care ............................................................... 17 Section 140 Confidentiality ....................................................................................................... 18 Section 150 Professional Behavior ........................................................................................... 20 SECTION 100 Introduction and Fundamental Principles 100.1 A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore, a professional accountant’s responsibility is not exclusively to satisfy the needs of an indi...
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This document was uploaded on 04/03/2014.

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