The Institute approved on 3 May 2006 a new Code of Ethics for all its members which is effective from 1 September 2006
Members working overseas should comply with this Code unless doing so would breach local laws and regulations.
The revision is based on the International Federation of Accountants (IFAC) Code of Ethics and includes additional guidance where it was considered useful to members.
The substance of the new Code is the same as that in the previous Guide to Professional Ethics but it is hoped that the new layout and structure will be more user friendly.
The new Code retains a principles based approach, with members being responsible for assessing threats to complying with the fundamental principles of ethical behaviour and implementing safeguards.
See full Summary.
Posts
