Van Question
Chapter 5 Ethics Code of Accountant
What is ethics codes of accountant?
Why accountant needs it?
Where is ethics code applied?
Who needs apply ethics code?
When ethics codes applies?
How accountant follows it?
What if accountant without ethics code?
Answer
Ethics code of accountant is a spesific set of rules set by the governing bodies of cartered accountants, it should be written.
Because it is the standard to be professional accountant and it is a legal protection against action that exploit gray areas or other ill-defined practices. Common ground to interact with customer, supplier, partner and other stakeholders.
Codes of ethics are generally applied in the bussiness and professional context to assure the public that corporation and members of regulated profession are acting in a socially abd professionally acceptable manners.
All of profession (Accountant).
When the accountant took an oath of a job in the profession.
Accountant should follow the standard of professional like competence and caution, confidentiality, loyality, objectivity, integrity, have a responsibility profession, public oriented, accuracy of action, and technical standard.
If accountant without ethics code, daily violations of public and private trust will occur and resolving ethical dilemmas doesn’t always end favorably and the accountant is the key personnel who access the financial information of individuals and entities.