Extract Bookkeeping's Code Of Professional Conduct
EXTRACT BOOKKEEPING Code of Professional Conduct
Extract Bookkeeping’s Code of Professional Conduct supports and reinforces the Code of Professional Conduct issued by the Tax Practitioners Board (TPB).
This code sets out the ethical and professional standards required of Registered Tax/BAS Agents. It outlines the duties that agents need to provide to their clients, other Tax/BAS agents and the Tax Practitioners Board.
Honesty and Integrity.
Members of Extract Bookkeeping will be honest and maintain the highest degree of integrity when engaging with all client’s and only undertake work that they are confident they can competently complete in a professional manner.
Members of Extract Bookkeeping will not undertake work that could be considered …show more content…
a conflict of interest or engage in any unethical or illegal conduct.
Members of Extract Bookkeeping must abide by and conform to relevant laws when providing their services to clients and in the conduct of their own personal affairs and must not knowingly obstruct the proper administration of the taxation laws.
Members of Extract Bookkeeping who receives money or other property from or on behalf of a client, and holds the money or other property on trust must account to their clients for the money or other property.
Independence.
Members of Extract Bookkeeping must maintain their independence when dealing with their clients and must act lawfully in the best interests of their clients.
Members of Extract Bookkeeping must have in place, adequate arrangements to manage conflicts of interest that may arise in relation to the activities that they may undertake.
Confidentiality.
Members of Extract Bookkeeping will respect and protect all confidential information acquired during their dealings with their clients, suppliers and associates; both current and past.
Information relating to a client’s affairs will only be disclosed to a third party if:
• You have a legal duty to do so.
• The client, supplier or associate has provided you with permission.
Competence.
Members of Extract Bookkeeping must ensure that all tax agent services they provide, or is provided on their behalf, is provided with high
competence.
All Members of Extract Bookkeeping will always demonstrate a professional commitment and diligence whilst performing work.
Members of Extract Bookkeeping must uphold the skills and knowledge that is relevant to the services that they provide.
Members of Extract Bookkeeping must take adequate care when obtaining information in relation to a client’s state of affairs and that the reason for obtaining the information is directly related and relevant to an activity they are undertaking on behalf of the client.
Members of Extract Bookkeeping must take adequate care when providing advice to their client, and ensure that taxation laws are applied properly by taking in consideration their situation.
Other responsibilities.
Members of Extract Bookkeeping must advise clients of their legal rights and obligations related to the tax agent services they provide.
Members of Extract Bookkeeping must maintain the appropriate level of professional indemnity insurance that the TPB requires them to maintain.
Members of Extract Bookkeeping must respond to directions and requests from the Tax Practitioners Board in a timely, responsible and reasonable manner.
Extract Bookkeeping’s Code of Professional Conduct supports and reinforces the Code of Professional Conduct issued by the Tax Practitioners Board (TPB).
This code sets out the ethical and professional standards required of Registered Tax/BAS Agents. It outlines the duties that agents need to provide to their clients, other Tax/BAS agents and the Tax Practitioners Board.
Honesty and Integrity.
Members of Extract Bookkeeping will be honest and maintain the highest degree of integrity when engaging with all client’s and only undertake work that they are confident they can competently complete in a professional manner.
Members of Extract Bookkeeping will not undertake work that could be considered …show more content…
a conflict of interest or engage in any unethical or illegal conduct.
Members of Extract Bookkeeping must abide by and conform to relevant laws when providing their services to clients and in the conduct of their own personal affairs and must not knowingly obstruct the proper administration of the taxation laws.
Members of Extract Bookkeeping who receives money or other property from or on behalf of a client, and holds the money or other property on trust must account to their clients for the money or other property.
Independence.
Members of Extract Bookkeeping must maintain their independence when dealing with their clients and must act lawfully in the best interests of their clients.
Members of Extract Bookkeeping must have in place, adequate arrangements to manage conflicts of interest that may arise in relation to the activities that they may undertake.
Confidentiality.
Members of Extract Bookkeeping will respect and protect all confidential information acquired during their dealings with their clients, suppliers and associates; both current and past.
Information relating to a client’s affairs will only be disclosed to a third party if:
• You have a legal duty to do so.
• The client, supplier or associate has provided you with permission.
Competence.
Members of Extract Bookkeeping must ensure that all tax agent services they provide, or is provided on their behalf, is provided with high
competence.
All Members of Extract Bookkeeping will always demonstrate a professional commitment and diligence whilst performing work.
Members of Extract Bookkeeping must uphold the skills and knowledge that is relevant to the services that they provide.
Members of Extract Bookkeeping must take adequate care when obtaining information in relation to a client’s state of affairs and that the reason for obtaining the information is directly related and relevant to an activity they are undertaking on behalf of the client.
Members of Extract Bookkeeping must take adequate care when providing advice to their client, and ensure that taxation laws are applied properly by taking in consideration their situation.
Other responsibilities.
Members of Extract Bookkeeping must advise clients of their legal rights and obligations related to the tax agent services they provide.
Members of Extract Bookkeeping must maintain the appropriate level of professional indemnity insurance that the TPB requires them to maintain.
Members of Extract Bookkeeping must respond to directions and requests from the Tax Practitioners Board in a timely, responsible and reasonable manner.