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INTRODUCTION
 The current worldwide economic
situation has made acting rightly
difficult because of the pressures and
simultaneous situations.
 Understanding the pressures of our
profession and the unique situations of
us all we decided to enlighten your
brains with Professional Ethics.
 It sets out the minimum duties of an employee
towards stakeholders.
 Enhances public confidence in the organization
 It builds loyalty between the parties
 It gives the employee a guide line on how to act in
cases of conflicts of interest
IMPORTANCE OF PROFESSIONAL
ETHICS
STANDARDS IN PROFESSIONAL ETHICS
COMPETENCE CREDIBILITY
CONFIDENTIALITY INTEGRITY
COMPETENCE
 Maintain an appropriate level of professional
leadership and expertise by enhancing
knowledge and skills.
 Perform professional duties in accordance
with relevant laws, regulations, and technical
standards.
 Provide decision support information and
recommendations.
STANDARDS
CREDIBILITY
 Communicate information fairly
and objectively.
 Disclose all relevant information.
 Disclose delays or deficiencies in
processing, or internal controls in
conformance with organization
policy .
STANDARDS
CONFIDENTIALITY
 Keep information confidential except
when disclosure is authorized or legally
required.
 Inform all relevant parties regarding
appropriate use of confidential
information. Monitor subordinates
activities to ensure compliance.
 Refrain from using confidential
information for unethical or illegal
advantage.
STANDARDS
INTEGRITY
 Mitigate actual conflicts of interest.
 Refrain from engaging in any
conduct that would prejudice
carrying out duties ethically.
 Abstain from engaging in that
discredit the profession.
STANDARDS
STATEMENT OF ETHICAL
PROFESSIONAL PRACTICE
In applying the Standards of Ethical Professional Practice, the
member may encounter unethical issues or behavior.
In these situations, the member should not ignore them, but
rather should actively seek resolution of the issue. In
determining which steps to follow, the member should
consider all risks involved and whether protections exist
against retaliation.
• The resolution process could include a discussion with the member’s
immediate supervisor. If the supervisor appears to be involved, the issue
could be presented to the next level of management.
• IMA offers an anonymous helpline that the member may call to request
how key elements of the IMA Statement of Ethical Professional Practice could
be applied to the ethical issue.
• The member should consider consulting his or her own attorney to learn
of any legal obligations, rights, and risks concerning the issue.
If resolution efforts are not successful, the member may wish to consider
disassociating from the organization.
ETHICAL PROFESSIONAL PRACTICE
FRAMEWORK
Any
Questions ?
?
Thank
You

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Professional Ethics

  • 1. INTRODUCTION  The current worldwide economic situation has made acting rightly difficult because of the pressures and simultaneous situations.  Understanding the pressures of our profession and the unique situations of us all we decided to enlighten your brains with Professional Ethics.
  • 2.  It sets out the minimum duties of an employee towards stakeholders.  Enhances public confidence in the organization  It builds loyalty between the parties  It gives the employee a guide line on how to act in cases of conflicts of interest IMPORTANCE OF PROFESSIONAL ETHICS
  • 3. STANDARDS IN PROFESSIONAL ETHICS COMPETENCE CREDIBILITY CONFIDENTIALITY INTEGRITY
  • 4. COMPETENCE  Maintain an appropriate level of professional leadership and expertise by enhancing knowledge and skills.  Perform professional duties in accordance with relevant laws, regulations, and technical standards.  Provide decision support information and recommendations. STANDARDS
  • 5. CREDIBILITY  Communicate information fairly and objectively.  Disclose all relevant information.  Disclose delays or deficiencies in processing, or internal controls in conformance with organization policy . STANDARDS
  • 6. CONFIDENTIALITY  Keep information confidential except when disclosure is authorized or legally required.  Inform all relevant parties regarding appropriate use of confidential information. Monitor subordinates activities to ensure compliance.  Refrain from using confidential information for unethical or illegal advantage. STANDARDS
  • 7. INTEGRITY  Mitigate actual conflicts of interest.  Refrain from engaging in any conduct that would prejudice carrying out duties ethically.  Abstain from engaging in that discredit the profession. STANDARDS
  • 8. STATEMENT OF ETHICAL PROFESSIONAL PRACTICE In applying the Standards of Ethical Professional Practice, the member may encounter unethical issues or behavior. In these situations, the member should not ignore them, but rather should actively seek resolution of the issue. In determining which steps to follow, the member should consider all risks involved and whether protections exist against retaliation.
  • 9. • The resolution process could include a discussion with the member’s immediate supervisor. If the supervisor appears to be involved, the issue could be presented to the next level of management. • IMA offers an anonymous helpline that the member may call to request how key elements of the IMA Statement of Ethical Professional Practice could be applied to the ethical issue. • The member should consider consulting his or her own attorney to learn of any legal obligations, rights, and risks concerning the issue. If resolution efforts are not successful, the member may wish to consider disassociating from the organization. ETHICAL PROFESSIONAL PRACTICE FRAMEWORK