3.18 The impact of ethical considerations
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Additional information |
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The fundamental principles of ethical behaviour. |
The fundamental principles are:
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How the principles of ethical behaviour impact the behaviour of accounting professionals and organisations. |
Impacts on:
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The legal and regulatory frameworks which relate to the accounting sector, the importance of working within regulatory guidelines and the consequences of failing to do so. |
Regulatory frameworks include an understanding of the role of:
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The role of professional bodies in establishing and enforcing codes of conduct. |
Professional bodies involved are:
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How to act ethically when working with clients, suppliers, colleagues and stakeholders and the importance of adhering to organisational and professional value, codes of practice and regulations. |
Acting ethically includes understanding and applying:
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Appropriate courses of action to take if there is a suspicion that an unethical or illegal act has been, or may be, committed by an employer, colleague or client. |
Courses of action include applying codes of practice to:
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