Ethics of Financial Statements and Codes

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The purpose of the financial code of ethics is to encourage honest and ethical behavior and compliance with the law, mostly it is related to the maintenance of the firm's financial book and record also the preparation of its financial statement. The purpose of the code of ethic is to guide the firm in the right way, but not changing the business nature of conduct. As a finance professional of the firm, it must be promote and engage in ethical conduct, including also handling in the ethical of conflicts between personal and professional relationships in interest, and to report to secretary office any information of transaction or any material that might give rise to such a conflict.

Financial professional need to carry out the responsibilities and honest, due care and carefulness, always do the best independent judgment. Besides that, it also assist in the making of accurate, fair, full, understandable and timely disclosure in document and report that the firm and its subsidiaries file. Against the financial code of ethics may also consider as violations of law, which may cause the firm and the owner to criminal or civil penalties.

“The financial statements are management’s responsibility. The auditor’s responsibility is to express an opinion on the financial statements. Management is responsible for adopting sound accounting policies and for establishing and maintaining an internal control structure that will, among other things, record, process, summarize, and report
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