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ACCA Guidance and IFAC code

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AAA Exams › ACCA Guidance and IFAC code

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by MikeLittle.
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  • July 6, 2017 at 11:09 pm #394902
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    Sir in the lecture u say that the ACCA Guidance doesnt have confidentially as a fundamental principle. But isnt ACCA rulebook based on IFAC’s code of ethics itself?

    July 7, 2017 at 12:31 am #394903
    abdulbasit16
    Member
    • Topics: 165
    • Replies: 154
    • ☆☆☆

    ACCA Code* based on IFAC code

    July 7, 2017 at 7:42 am #394915
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23365
    • ☆☆☆☆☆

    I believe that the code is based on the IESBA (International Ethics Standards Board for Accountants) Rules rather than IFAC

    However, you are correct in that the 5 fundamental principles are:

    integrity
    objectivity
    competence and care
    confidentiality and
    professional behaviour

    I’m trying to remember why I left off confidentiality – maybe (and I don’t know for sure) at the time of the recording, the ACA rules themselves had missed it off

    No matter – it’s there now and thank you for pointing out the omission

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  • The topic ‘ACCA Guidance and IFAC code’ is closed to new replies.

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