Fundamental Principles

Question 1

To be straightforward and honest in all professional and business relationships.

Answer 1

Integrity

Question 2

Not to compromise professional or business judgments because of bias, conflict of interest or undue influence of others.

Answer 2

Objectivity

Question 3

Attain and maintain professional knowledge and skill at the level required to ensure that a client or employing organization receives competent professional service.

Answer 3

Professional Competence and Due
Care

Question 4

To act diligently and in accordance with applicable technical and professional standards

Answer 4

Professional Competence and Due
Care

Question 5

To respect the confidentiality of information acquired as a result of professional and business relationships.

Answer 5

Confidentiality

Question 6

A professional accountant shall continue to comply with the principle of confidentiality even after the end of the relationship between the accountant and a client or employing organization.

Answer 6

Confidentiality

Question 7

To comply with relevant laws and regulations and avoid any conduct that the professional accountant knows or should know might discredit the profession.

Answer 7

Professional Behavior