Research activity
Research Activity 3
The word ‘ethics’ is originated from a Greek word ‘ethos’.
Ethics is defined as those moral principles that help in governing a person’s behaviour or the conduct of an activity. (oxforddictionaries,2000)
Ethics are practiced is all the professions may it be medical, accounting or any other business in that case. Ethics is something that takes into consideration on how the people act in a specific manner and also the reason behind that.
In the field of auditing, the Accounting Practice Board (APB) has issued 5 ethical standards which any auditor has to follow in order to give a true and fair view of all the reports. The International Federation of Accountants’ (IFAC), has an independent standard setting body known as the International Ethics Standards Board for Accountants (IESBA) that works in the interest of the general public by setting high-quality standards for all the auditors and accountants of accountants who are professional and they also facilitate the international and national ethical standards which includes independence requirements, international code of ethics, development of robust. (Ifac, 2012)
The ACCA Rulebook (2008) states that the Code of Ethics and Conduct applies to all the registered students, affiliates and members.
The 5 ethical standards issued by the APB are as follows:
ES1 – Integrity, Objectivity and Independence
Integrity in this field requires not only being honest but also true and fair, to have the courage to face any consequences regarding their job and also to practice confidentiality.
For instance; if an auditor brings forward a serious fraud committed by the internal members of the company then he should practice his integrity by putting this issue forward to the senior authorities and also he should keep this information confidential by not telling this to the competitors of the company for his own personal interest.
Objectivity
The credibility of auditing in the government sector is
The word ‘ethics’ is originated from a Greek word ‘ethos’.
Ethics is defined as those moral principles that help in governing a person’s behaviour or the conduct of an activity. (oxforddictionaries,2000)
Ethics are practiced is all the professions may it be medical, accounting or any other business in that case. Ethics is something that takes into consideration on how the people act in a specific manner and also the reason behind that.
In the field of auditing, the Accounting Practice Board (APB) has issued 5 ethical standards which any auditor has to follow in order to give a true and fair view of all the reports. The International Federation of Accountants’ (IFAC), has an independent standard setting body known as the International Ethics Standards Board for Accountants (IESBA) that works in the interest of the general public by setting high-quality standards for all the auditors and accountants of accountants who are professional and they also facilitate the international and national ethical standards which includes independence requirements, international code of ethics, development of robust. (Ifac, 2012)
The ACCA Rulebook (2008) states that the Code of Ethics and Conduct applies to all the registered students, affiliates and members.
The 5 ethical standards issued by the APB are as follows:
ES1 – Integrity, Objectivity and Independence
Integrity in this field requires not only being honest but also true and fair, to have the courage to face any consequences regarding their job and also to practice confidentiality.
For instance; if an auditor brings forward a serious fraud committed by the internal members of the company then he should practice his integrity by putting this issue forward to the senior authorities and also he should keep this information confidential by not telling this to the competitors of the company for his own personal interest.
Objectivity
The credibility of auditing in the government sector is