Professional and Ethical Duty of an Accountant

Professional and Ethical Duty of an Accountant

1. ETHICAL PRINCIPLES

   • OBJECTIVITY
     • Accountant should be neutral and free from bias while making professional judgement
   • INTEGRITY
     • Accountant must remain HONEST and TRUTHFULL
   • PROFESSIONAL BEHAVIOUR
     • Accountant must maintain professional behaviour at ALL TIME
   • PROFESSIONAL COMPETENCE AND DUE CARE
     • An Accountant should remain competent with the skills and knowledge and must not undertake any task which they are not competent with.
   • CONFIDENTIALITY
     • Accountant should not disclose clients information without any permissions or legal requirement
   • Memory Acronym: PIPCO