This section of the IESBA Code of Ethics addresses the responsibilities of professional accountants in business regarding the preparation and reporting of information. It states that accountants must prepare or present information fairly, honestly, and in accordance with professional standards. The information must be understandable and clearly describe the true nature of transactions. Accountants are responsible for taking steps to maintain accurate financial records and prevent association with misleading information. The section also covers the need for accountants to have sufficient expertise and experience for any significant tasks, as well as seeking advice and assistance when needed. Threats to competent and careful work must be evaluated and addressed with safeguards.