Professional Documents
Culture Documents
Chapter 4
Responsibility Fairness
Caring Citizenship
PCAOB Code of
and SEC Professional
Conduct
©2010 Prentice Hall Business Publishing, Auditing 13/e, Arens/Elder/Beasley 4 - 18
Ethical Principles
1. Responsibilities:
Professionals should exercise sensitive and
moral judgments in all their activities.
3. Integrity:
Members should perform all responsibilities
with integrity to maintain public confidence.
5. Due care:
Members should observe the profession’s
standards and strive to improve competence.
Minimum level
Rules of
of conduct by
conduct
practitioners Substandard
conduct
Independence in fact
Independence in appearance
Material or immaterial