What are the 5 codes of ethics?

the five codes of ethics

  • Integrity.
  • Objectivity.
  • Professional competence.
  • Confidentiality.
  • Professional behavior.

Integrity.

A professional accountant should be straightforward and honest in all professional and business relationships

Objectivity.

A professional accountant should not allow bias, conflict of interest or undue influence of others.

Professional Competence and Due Care.

A professional accountant has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques. A professional accountant should act diligently and in accordance with applicable technical and professional standards when providing professional services.

Confidentiality.

A professional accountant should respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose any such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of the professional accountant or third parties.

Professional Behavior.

A professional accountant should comply with the relevant laws and regulations and should avoid any action that discredits the profession.