Ethical considerations

• Confidentiality: Accountants should maintain the confidentiality of their clients' financial

information, and not disclose any such information to third parties without the client's
consent, unless required by law.

• Objectivity: Accountants should remain impartial and unbiased when preparing financial
statements, and not let their personal interests or opinions influence their work. This
includes disclosing any conflicts of interest that may affect their objectivity.

• Integrity: Accountants should maintain their professional integrity by being honest and
truthful in their work, and not engaging in any fraudulent or deceptive practices. This
includes reporting any errors or discrepancies in financial statements.

• Professional competence: Accountants should possess the necessary knowledge and skills
to perform their work competently, and keep themselves updated with the latest accounting
standards and regulations.

• Independence: Accountants should maintain their independence from their clients and not
let external pressures or relationships affect their work. This includes not accepting gifts or
other forms of compensation from clients that may influence their judgement.

• Professional behaviour: Accountants should behave professionally and ethically, both inside
and outside of the workplace. This includes avoiding any actions that may bring the
accounting profession into disrepute.

• Social responsibility: Accountants should recognize their social responsibility and act in the
best interests of the public, by reporting any illegal or unethical practices they may come
across in their work, and by ensuring that their work complies with relevant laws and
regulations.