Code of Ethics and Conduct
ACCA has adopted the International Code of Ethics for Professional Accountants (including International Independence Standards), issued by the International Ethics Standards Board for Accountants (IESBA) in April 2018.
However, the IESBA Code is augmented with additional requirements and guidance that are appropriate to ACCA and its members in arriving at the ACCA Code of Ethics and Conduct (CEC). The CEC is binding on all members and students of ACCA and sets out five fundamental ethical principles, and provides a framework for addressing ethical problems:
- integrity - being straightforward and honest in all professional and business relationships;
- objectivity - not allowing bias, conflicts of interest or undue influence of others to override professional or business judgements;
- professional competence and due care - to maintain professional knowledge and skill at a level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards;
- confidentiality - to respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not disclose any such information to third parties without proper and specific authority, unless there’s a legal or professional right or duty to disclose, nor use the information for the personal advantage of the professional accountant or third parties;
- professional behaviour - to comply with relevant laws and regulations and avoid any conduct that discredits the profession.