Code of Ethics for Professional Accountantsof HKICPA：专业会计师的道德规范accountantsof.ppt

Code of Ethics for Professional Accountantsof HKICPA Lecturer Aries Wong B.B.A., M.Sc., M.Phil., CFA, CPA Email: arieswong@chuhai.edu.hk Homepage: home.chuhai.hk/~arieswong Introduction A professional accountant’s responsibility is not exclusively to satisfy the needs of an individual client or employer. In acting in the public interest a professional accountant should observe and comply with the code of ethical. Members of HKICPA who fail to comply with the Code could lose their membership. It is not practical to establish ethical requirements that apply to all situations and circumstances. Members should therefore consider the ethical requirements as the basic principles they should follow in performing their work. The Code is divided into four parts: Part A: Fundamental Principles Part B: Professional Accountants in Public Practice Part C: Professional Accountants in Business Part D: Additional ethical requirements on specific areas Fundamental Principles I) Integrity II) Objectivity III) Professional Competence and Due Care IV) Confidentiality V) Professional Behaviour Fundamental Principles I) Integrity A professional accountant should be straightforward and honest in all professional and business relationships. A professional accountant should not be associated with reports, returns, communications or other information where they believe that the information: Contains a materially false or misleading statement; Contains statements or information furnished recklessly; or Omits or obscures information required to be included where such omission or obscurity would be misleading. II) Objectivity A professional accountant should not allow bias, conflict of interest or undue influence of others to override professional or business judgments. Relationships that bias or unduly influence the professional judgment of the professional accountant should be avoided. Fundamental Principles III) Professional Competence and Due Care The principle of professiona