Assoc|at|on of Chartered Cert|f|ed Accountants(ACCA)

ACCA (1he AssoclaLlon of CharLered CerLlfled AccounLanLs) welcomes Lhe opporLunlLy Lo commenL on
Lhe proposed revlslons Lo Lhe Code of LLhlcs for rofesslonal AccounLanLs (Lhe Code) ACCA ls Lhe global
body for professlonal accounLanLs We alm Lo offer buslnessrelevanL flrsLcholce quallflcaLlons Lo
people of appllcaLlon ablllLy and amblLlon around Lhe world who seek a rewardlng career ln
accounLancy flnance and managemenL

ACCA belleves LhaL professlonal accounLanLs are ln a unlque poslLlon because of Lhelr observance of a
generally accepLed lnLernaLlonal code of eLhlcs uneLhlcal behavlor ls noL consLralned by rules whlch
lnsLead encourage an avoldance culLure ACCA ls gravely concerned Lherefore LhaL aL a Llme when Lhe
accounLancy professlon should be champlonlng eLhlcal behavlour Lhe lnLernaLlonal LLhlcs SLandards
8oard for AccounLanLs (lLS8A)









It is unclear why the explanation on 'independence in appearance' is with reIerence to a Iirm or 'a
member oI the ,:/9team' rather than a Iirm or 'a member oI the ,88:7,3.0team'









rofesslonal accounLanL shall noL wlllfully breach any of Lhe fundamenLal prlnclples
A professlonal accounLanL shall apply Lhe concepLual framework when a slLuaLlon ls
ldenLlfled LhaL could lead Lo an lncenLlve or a compulslon Lo breach one or more of Lhe
fundamenLal prlnclples
A professlonal accounLanL may obLaln guldance from arLs 8 and C of Lhe Code ln Lhe
form of examples LhaL wlll be relevanL Lo some exLenL when a speclflc slLuaLlon
encounLered by Lhe professlonal accounLanL ls slmllar Lo a slLuaLlon seL ouL ln Lhe
guldance