The consultation document Standard of Professional Practice on Ethics, outlines revised standards of practice for members and follows an extensive revision of the previous code.
Vernon Sore, policy and technical director at CIPFA, said: ‘Finance is central to many business activities and public life and the integrity of the finance function, in its widest sense, is essential if business and government is to operate properly.
‘By revising and updating the Standard, CIPFA aims to help members find a way through ethical dilemmas they face in the workplace and ensure professional standards are maintained at the highest level.’
Failure to comply with CIPFA standards is regarded as grounds for disciplinary action against members.
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