ICAEW launches new code of ethics
Revamped code of ethics for chartered accountants launched
The ICAEW has published its new code of ethics that will provide practical
guidance for chartered accountants on the application of ethical principles in
their working lives.
ICAEW president Ian Morris said the revamped code would address the
‘practical issues’ faced in the activities accountants undertake and ‘underpin’
the expected standards of ‘integrity, objectivity and competence’.
‘Users and employers of chartered accountants are entitled to expect
standards of integrity, objectivity and competence that they would not get from
an unqualified accountant,’ said Morris.
The new ACA qualification, due to be launched in the autumn, will also focus
on ethics.
The institute’s principles-based approach to ethics has also been adopted by
the International Federation of Accountants.