Mapa de las ideas principales y secundarias el IFAC (ingles)

1. MAIN AND SECONDARY IDEAS OF THE CODE OF ETHICS OF THE ACCOUNTANTS
_ _ _ _ _ (MAIN IDEAS)
_ . _ . _ . (SECONDARY IDEAS)
The IFAC Code of
Ethics for Chartered
Accountants
Founded in 1977, IFAC’s mission is to
serve the public interest by continuously
strengthening the accounting profession
worldwide and contributing to the
development of strong international
economies by establishing and promoting
the observance of high-quality
professional standards.
Basic functions of counters:
1. Integrity
2. Objectivity
3. Professional Competence
4. Due care of confidentiality
5. Professional Behavior.

In the first part we will understand everything
about the general application of the standard. In
it we will find 5 basic principles. These principles
oblige accountants to be honest in all their
professional and business relationships without
compromising their profession because of
prejudices, conflicts of interest or influence of
third parties.
This institution seeks a regulatory
framework on personal quality and
behavior, composed of the ethical part
and the training of the public accountant,
the IFAC accountant code of ethics is
designed in three parts A, B and C.
IFAC is in New York and is
comprised of more than 167
members and associates in 127
countries representing a total of
2.5 million accountants in the
independent practice of industry
and commerce.
Section B
In this code of ethics, it is very clear that the
accountant must refrain from disclosing
information outside the entity where he
works, since it is confidential information
that he obtained through professional and
business relationships.
In terms of professional behavior, the
following points are emphasized:
when accountants engage in
marketing and promotional activities
for themselves and their work, they
will not damage the reputation of the
industry.
Professional accountants will be honest
and truthful, and will avoid making
exaggerated claims about the services,
training, or expertise they provide, or
making derogatory or unsubstantiated
comparisons of the work of others.
Accountants should maintain professional
knowledge and skills at the level necessary to
enable clients or entities for which they work to
obtain competent professional services, and to
act diligently and provide professional services
in accordance with applicable technical and
professional standards where necessary.
Section A
It is essential for accountants to
never lack sufficient time to perform
tasks, have incomplete information,
lack sufficient experience, and do not
have the necessary resources.
In part C of the code, we can find what
refers to accounting professionals in
the company, composed of topics
related to possible conflicts that may
occur working.
The accountant is expected to support the
legitimate and ethical objectives established
by the entity and the rules and procedures
designed to serve as the basis for those
objectives.
Section C
In Part B of the specifications, we can obtain
aspects related to accounting professionals in
practice. This refers to
 Professional appointments
 Acceptance of clients
 Assignment of tasks
 Changes of appointment
 Conflicts of interest
 Second opinions
 Fees
 Marketing of professional services
 Gifts and invitations
 Custody of client assets
 Objectivity
 Independence of all services.
Will not intentionally mislead an
employer in relation to its level of
specialization, nor will it fail to seek
advice and help from an expert when
needed
The accountant shall prepare or
present information faithfully and
honestly and in accordance with
the applicable professional
standards to make the information
intelligible in its context.
Threats to the professional
Incentive offers are intended to
unduly influence acts or
decisions to encourage illegal
behavior so it should be avoided
at all costs.