Professional and Ethical Duty of an Accountant

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Mind Map on Professional and Ethical Duty of an Accountant, created by Dhurba Shrestha on 14/03/2016.
Dhurba Shrestha
Mind Map by Dhurba Shrestha, updated more than 1 year ago
Dhurba Shrestha
Created by Dhurba Shrestha over 8 years ago
43
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Resource summary

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