Unethical behaviour in financial reporting

Examples include knowingly omitting a material liability, manipulating an estimate without support, or misusing confidential information. Evaluate the facts against the applicable code, law and standards, identify threats and consider available actions and safeguards. Not every error is unethical: intention, knowledge, diligence and response to the issue matter. If a threat cannot be reduced to an acceptable level, further action may be required under the applicable code.