code of ethics by accountant, all professional ethics that a professional accountant must have to follow while working in a professional environment.

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Hadia
G1F18BSCS0124
Rahima Khalid
G1F18BSCS0009
Hafsa Riasat
G1F18BSCS0036
Samavia Ameen
G1F18BSCS0124
Team Presentation

3. Presented to:
Prof. Muzamal Sadiq

4. Assalam-u-Alikum!
I am Hadia
I am here to dicuss about code of ethics for accountant.
My Roll number is 0124.
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In June 2005, the IESBA
(formerly the Ethics
Committee) issued a revised
Code of Ethics for Professional
Accountants. The revised Code
establishes a conceptual
framework for all professional
accountants to ensure
compliance with the five
fundamental principles of
ethics.

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The
Conceptual
Framework

7. Professional Competence
And
Due Care
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Ensure that clients or employers
receive competent professional service.
To act diligently in accordance with
applicable technical and professional
standards.
Attainment of professional
competence.
Maintenance of professional
competence.

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Act in accordance with the requirements of
an assignment, carefully, thoroughly and on
a timely basis.
A professional accountant should take
steps to ensure that workers have
appropriate training and supervision.
A professional accountant should make
clients, employers or other users of the
professional services aware of limitations
inherent in the services.

10. Integrity
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Presented By:
Samavia Ameen

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A professional accountant should be straight
forward and honest in all professional and
business relationships.
Expressing gratitude for others.
Valuing honesty and openness.
Taking responsibility and accountability for
your actions, good and bad
Respecting yourself and others around you no
matter where you are.
Demonstrating reliability and trustworthiness.
Showing patience and flexibility, even when
unexpected obstacles show up.

12. Objectivity
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◎ A professional accountant
should not allow bias, conflict
of interest or undue
influence of others.
◎ Accounting information must
be based on research and
facts, not merely a preparer’s
opinion.

14. Confidentiality
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Presented By:
Hafsa Riasat

15. Concept
A professional accountant shall
comply with the principle of
confidentiality which requires
an accountant to respect the
confidentiality of information
acquired as a result of
professional and business
relationships.
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◎ Be alert to the possibility of inadvertent disclosure,
including in a social environment and particularly to a
close business associate or an immediate or a close family
member.
◎ Maintain confidentiality of information within the firm or
employing organization.
◎ Maintain confidentiality of information disclosed by a
prospective client or employing organization.
An Accountant shall:

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◎ Not use confidential information acquired as a result of
professional and business relationships for the
personal advantage of the accountant or for the
advantage of a third party.
◎ Not disclose confidential information acquired as a
result of professional and business relationships
outside the firm or employing organisation without
proper and specific authority, unless there is a legal or
professional duty or right to disclose.
An Accountant shall:

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Disclosure is required by law,
for example:
◎ Production of documents or other provision of
evidence in the course of legal proceedings.
◎ Disclosure to the appropriate public authorities
of infringements of the law that come to light.
◎ Disclosure is permitted by law and is authorised
by the client or the employing organisation.
Disclosure

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There is a professional duty or right to disclose, when
not prohibited by law:
◎ To comply with the quality review of a professional
body.
◎ To respond to an inquiry or investigation by a
professional or regulatory body.
◎ To protect the professional interests of a
professional accountant in legal proceedings.
◎ To comply with technical and professional
standards, including ethics requirements.
Disclosure

20. Professional
Behavior
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Presented By:
Rahima Khalid

21. The principle of professional behavior
imposes an obligation on professional
accountants to comply with relevant
laws and regulations and avoid any
action that may bring discredit to the
profession.
Professional ethics are principles that
govern the behavior of a person or
group in a business environment.
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22. In marketing and promoting
themselves and their work,
professional accountants should not
bring the profession into disrepute.
And should avoid actions that could
negatively affect the reputation of the
profession is a reasonable
commitment that business partners
and others should expect.
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23. A professional accountant should be
straightforward.
A professional accountant should not allow
bias.
A professional accountant should not allow
conflict of interest or undue influence of
others.
Treat managers, clients with respect.
A professional accountant should have
positive attitude.
Professional accountants should be honest
and truthful.
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24. Self Interset
Threats
Intimidation
Threats
Threats because of avoiding ehtical codes
Self Review
Threats
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Familiarity
Threats
Advocacy
Threats

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