Acca Professional Ethics Module

1815 Words Apr 3rd, 2011 8 Pages
Morality is a set of rules concerning right and wrong behaviour. Ethics is the branch of philosophy that attempts to provide clear arguments about which moral rules are best and how those rules ought to be interpreted.

There are several different ethical theories or frameworks for ethical decision-making, each of which has been advocated by prominent moral philosophers. Some philosophers, for example, advocate thinking about ethics entirely in terms of consequences: what action will produce the best outcomes overall? Others have argued in favour of thinking solely in terms of duties, and absolute principles of behaviour – such as ‘Always tell the truth’ – that could be adhered to by all. Still others have advocated thinking about ethics
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Judgement should not be based on what is in your own personal interest, or in the interests of those who have power or influence over you. professional competence and due care
What the rulebook says

You ‘have a continuing duty 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.’


‘Members should act diligently and in accordance with applicable technical and professional standards when providing professional services.’

In other words

Only perform work if you are competent to do so. Keep up to date with accounting matters. Do not forget that as an ACCA member, you will have continuing professional development (CPD) responsibilities – and you must ensure that you are keeping up to date. confidentiality What the rulebook says

You ‘should respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose any such information to third parties without proper and specific authority or unless there is a legal or professional right or duty to disclose.’


‘Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of
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