A professional accountants responsibility is not

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A Professional Accountant’s responsibility is not exclusively to satisfy the needs of an individual client or employing organisation . Therefore, the Code contains requirements and application material to enable Professional Accountants to meet their responsibility to act in the public interest.” Section 100
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Accounting in Organisations and Society Accounting ethical obligations The Code of Ethics for Professional Accountants comprises: 1. Integrity - straightforward and honest; obligation to report, advise and communicate information in manner that is not knowingly false, misleading or deceptive 2. Objectivity – lack of bias (not just head or mind, but potential bias of the algorithm itself) 3. Confidentiality – also includes cybersecurity, proprietary data, databases and the cloud 4. Competence and Due Care – skills to discharge responsibility. This includes technology skills
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Accounting in Organisations and Society Framework of the Code of Ethics Technology plays an important role
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Accounting in Organisations and Society Technology is transforming accounting Skills are no longer technical only o Still important because you cannot ‘blame’ the algorithm! o Accountants need a thorough understanding of the information system Essential are the strategic thinking skills to solve real world dilemma o Tools to support this function are expanding rapidly o Examples – see next page – We are going to trial Tableau
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Accounting in Organisations and Society Data Visualisation Software (multiplying)
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Accounting in Organisations and Society Data Visualisation Software Strategic thinking is supported with data visualisation tools: Need to identify the insights to extract from the data
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  • Fall '19
  • Accountants, Accountant, Organisations and Society

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