accounting codes of conduct

• A code of conduct acts as a compass for professionals, guiding their decision-making and actions, reinforcing the values and ethics that underpin a profession helping to build trust
• A professional code of conduct refers to a set of principles and guidelines that highlights expected behaviours and ethical obligations of professionals within a specific industry.
• • professional codes typically address
  • ethical behaviours
  • competence
  • confidentiality
  • conflicts of interest
  • professional conduct
• • disciplinary action.
  • penalties such as reprimands, fines, suspension and disqualification
  • loss of reputation
  • legal consequences
• In the accounting industry, ethics refers to a set of moral principles and rules of conduct that accountants follow. It encapsulates ideals of honesty, fairness, objectivity, and responsibility in delivering financial services and information.
• Unethical behaviour has consequences and may affect the accountant, personal and organisational reputation, financial viability and the overall business efficacy of an organisation. A management accountant needs to consider ethical implications in order to provide the basis for decision making.