Gifts and hospitality
A gift or hospitality from a client can create self-interest, familiarity or intimidation threats to professional behaviour and independence. The accountant evaluates its nature, value and context under the relevant ethical requirements; trivial and inconsequential benefits may be treated differently from offers that could influence judgement.
Worked example
A client offers an audit team member an expensive holiday; the firm assesses and rejects the inappropriate benefit.
Common mistake
An offer is not acceptable simply because management says it has no influence; apply the applicable code and firm policies.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |