Code of conduct
A professional code may establish fundamental ethical principles and a framework for identifying, evaluating and addressing threats to compliance. Its authority, coverage and enforcement depend on the issuing body and circumstances; an entity’s internal code does not automatically replace a professional accountant’s applicable ethical code.
Worked example
An accountant is offered an expensive gift by a supplier. The accountant considers the professional code, the entity’s policy and the threats to objectivity before deciding how to respond.
Common mistake
Treating a code as a complete checklist that removes the need for ethical judgement, or assuming all codes apply to every profession and organisation.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | SBR | Direct | September 2026–June 2027 |