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Include Left Professional Standards & Practices - Ethics
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Ethics
The By-Laws on Professional Ethics is substantially based on the Code of
Ethics for Professional Accountants issued by the International
Federation of Accountants (IFAC). Ethics is about principles, values and
beliefs which influence, judgement and behaviour. It goes beyond obeying
laws, rules and regulations - it is about doing the right thing in the
circumstance. The existence of trust is essential to business and
society.
A distinguishing mark of the accountancy profession is its acceptance of
the responsibility to act in public interest. Therefore, a professional
accountant’s responsibility is not exclusively to satisfy the needs of
an individual client or employer. In acting in the public interest, a
professional accountant should observe and comply with the ethical
requirement of the
By-Laws that have been framed with the objective that members
exhibit the highest standards of professionalism and professional
conduct that are expected of the profession.
To ensure that the By-Laws are relevant and meets the needs of both the
profession and the stakeholders involved, the council amends the By-Laws
from time to time. As such, members are required to familiarise
themselves with the By-Laws as may be amended from time to time and
updated onto website for members to comply with the By-Laws.
For the list of amendments to the Institute’s By-Laws from the year
2002, please click
By-Laws. |
