BUAW - Professional Ethics

Question 1

What are the fundamental principles of ethics?

Answer 1

• Professional behaviour
• Professional competence and due care
• Confidentiality
• Integrity
• Objectivity

Question 2

What is integrity?

Answer 2

Being honest and refusing to compromise, honesty, transparency and fairness

Question 3

What is objectivity?

Answer 3

Not allowing bias, conflict of interest or undue influence of others to override their professional judgement

Question 4

What is professional competence and due care?

Answer 4

Providing competence professional service and ensuring the quality is of a high standard

Question 5

What is confidentiality?

Answer 5

Not disclosing information without proper authority or unless there is a legal duty to do so

Question 6

When may confidentiality be broken?

Answer 6

• Information needed in court
• Comply with accounting body
• Professional duty to disclose

Question 7

What is professional behaviour?

Answer 7

Comply with laws and regulations to avoid any action bringing the profession into disrepute

Question 8

How can the employer discipline you?

Answer 8

• Warning
• Hold a hearing
• Suspension or dismissal