| 1. Apply general principles and procedures for ethical compliance expected within the accounting sector |
32.1.A Correctly identify and apply the fundamental principles of honesty and integrity
32.1.B Correctly identify and apply the fundamental principle of objectivity
32.1.C Correctly identify and apply the fundamental principle of professional and technical competence
32.1.D Correctly identify and apply the fundamental principle of due care
32.1.E Correctly identify and apply the fundamental principle of confidentiality
32.1.F Correctly identify and apply the fundamental principle of professional behaviour
32.1.G Highlight situations within the provision of self-employed services that require objectivity and fairness, and where judgements and actions could compromise personal or organisational integrity and reputation
32.1.H Highlight situations within preparation of financial statements, for clients or own organisatin, that require objectivity and fairness, and where judgements and actions could compromise personal or organisational integrity and reputation
32.1.I Highlight situations within the performance of internal audit services that require objectivity and fairness, and where judgements and actions could compromise personal or organisational integrity and reputation
32.1.J Highlight situations within the provision of financial management services that require objectivity and fairness, and where judgements and actions could compromise personal or organisational integrity and reputation
32.1.K Highlight a situation within professional work that requires objectivity and fairness, namely in the acceptance of gifts where judgements and actions could compromise personal or organisational integrity and reputation
32.1.L Recognise the principles of effective Continuing Professional Development (CPD) to maintain professional and technical competence by formal learning using organisation or company training updates
32.1.M Recognise the principles of effective Continuing Professional Development (CPD) to maintain professional and technical competence by informal learning, using the internet
32.1.N Recognise the principles of effective Continuing Professional Development (CPD) to maintain professional and technical competence by informal learning, using professional publications
32.1.O Recognise the principles of effective Continuing Professional Development (CPD) to maintain professional and technical competence by informal learning using professional body networking groups/opportunities
32.1.P Recognise and explain why certain types of information should be regarded as confidential when undertaking basic duties
32.1.Q Correctly identify circumstances when it would be appropriate to disclose confidential information when expressly authorised by the client or legal, regulatory or professional body
32.1.R Correctly identify circumstances when it would not be appropriate to disclose confidential information when expressly authorised by the client or legal, regulatory or professional body
32.1.S Correctly identify the key issues which ensure that taxation services are performed within the scope of professional ethics guidance
32.1.T Correctly identify the key issues which ensure that VAT services are performed within the scope of professional ethics guidance
32.1.U Correctly identify the key issues which ensure that financial management consultancy is performed within the scope of professional ethics guidance
32.1.V Make critical decisions to identify appropriate ethical behaviour communicating with peers, superiors, clients, external bodies and agencies
32.1.W Make critical decisions to identify appropriate ethical behaviour communicating using the skills of negotiation, critical decision making, discussion, letter writing and report writing
32.1.X Refer and seek advice from relevant sources for issues beyond own professional competence
32.1.Y Correctly describe personal contractual obligations in terms of performance, responsibilities, fees charged, due care, timescales, ownership and lien in providing servic |
| 2. Develop, maintain and apply ethics in employer/employee situations |
32.2.A Describe how a culture of openness within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.B Describe how a culture of trust within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.C Describe how a culture of integrity within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.D Describe how a culture of respect within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.E Describe how a culture of empowerment within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.F Describe how a culture of accountability within an organisation with peers, employers, superiors and subordinates, supports and promotes high ethical values and helps to resolve any conflict of loyalties
32.2.G Resolve conflicting loyalties where an employer may ask you to perform tasks which are illegal, unethical, fraudulent, false or deceptive, or against the rules and standards of the accounting profession
32.2.H Seek confidential, independent advice and guidance where you believe an employer has committed, or will commit, fraud
32.2.I Seek confidential, independent advice and guidance where you believe an employer has falsified, or will falsify, records
32.2.J Seek confidential, independent advice and guidance where you believe an employer has supplied, or will supply misleading, false or deceptive information
32.2.K Seek confidential, independent advice and guidance where you believe an employer has used, or will use undue influence
32.2.L Seek confidential, independent advice and guidance where you believe an employer has tolerated, or will tolerate, undue client influence
32.2.M Seek confidential, independent advice and guidance where you believe a member of staff has, or will, commit an illegal or unethical act
32.2.N Advise clients of ethical and legal considerations and persuade them not to perpetrate actions which you believe to be illegal or unethical
32.2.O Keep accurate records of meetings/discussions where you believe an employer has, or will, commit an act which you believe to be illegal or unethical
32.2.P Follow appropriate procedures where you believe an employer has tolerated, or will tolerate, enforced resignation
32.2.Q Respond appropriately to requests to work outside the confines of your own professional experience and expertise |
| 3. Develop, maintain and apply ethics in public practice |
32.3.A Prepare appropriate letters of engagement and develop and implement a fair fees policy for professional services
32.3.B Correctly identify and explain how simultaneous engagement in another related business can undermine professional independence
32.3.C Correctly identify and explain how ownership or interest in clients' companies can undermine professional independence
32.3.D Correctly identify and explain how personal and family relationships can undermine professional independence
32.3.E Correctly identify and explain how receipt of agency commission can undermine professional independence
32.3.F Prepare a policy to be followed for handling client monies
32.3.G Maintain independence, objectivity and impartiality in a range of circumstances
32.3.H Make recommendations for a policy statement in relation to a client who wishes to pass work to you which has been, or is currently being, undertaken by another professional adviser
32.3.I Make recommendations for a policy statement in relation to instructions for another professional advisor who will take over work that you are currently performing for a client
32.3.J Identify the scope of professional liability
32.3.K Prepare clear guidelines which should be followed to advertise your accounting services in a professional and ethical manner
32.3.L Give advice to clients on retention of books, working papers and other documents |