Week 3 - Ethical Guide Flashcards
(6 cards)
1
Q
What is the ethical guide we follow like?
A
Principles based (ICAEW)
2
Q
What does a set of principles (rather than rules) allow
A
Flexibility
3
Q
Why are principles better than rules legally?
A
Using principles prevents interpreting legal requirements to get around an ethical issue - rules easier to get around if taken literally
4
Q
What are the other two benefits of principles instead of rules?
A
- allows variations to cope with individual situations
- accommodates change
5
Q
Onus (burden) on the professional to:
A
- consider independence in all situations
- demonstrate responsible conclusions have been reached regarding ethical issues
6
Q
The code set out five fundamental principles:
A
integrity
objectivity
professional competence and due care
confidentiality
professional behaviour
