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(i) Integrity
This refers to the need for a professional accountant to be straightforward and honest in
performing professional services. This is to ensure their services are reliable and creditability is
not doubted by the users.
(ii) Objectivity
A professional accountant should be fair and should not allow prejudice or bias, conflict of
interest or influence of others to override objectivity. This again ensures reliability and credibility
of the work done.
(iii) Confidentiality
A professional accountant should respect the confidentiality of information acquired during the
course of performing professional services and should not use or disclose any such information
without proper and specific authority or unless there is a legal or professional right or duty to
disclose. This is to ensure the information provided is not used by other parties to the detriment
of the client.
(iv) Professional competence and due care
A professional accountant should perform professional services with due care, competence and
diligence and has a continuing duty to maintain professional knowledge and skill at a level
required to ensure that a client or employer receives the advantage of competent professional
services based on up-to-date developments in practice, legislation and techniques. This ensures
the reliability and
(v) Professional behaviour
A professional accountant has a continuing duty to maintain professional knowledge and skill at
the level required to ensure that a client or employer receives competent professional service
based on current developments in practice, legislation and techniques. A professional accountant
should act diligently and in accordance with applicable technical and professional standards when
providing professional services
Kavungya answered the question on May 15, 2019 at 12:31