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Hi sir, is code of ethics(independence and objectivity etc) is included under audit framework?
Welcome to my forum!
If you mean in terms of the AA syllabus, the Code of Ethics and Conduct is indeed one of the topics falling under the general heading of “Audit framework and regulation”
https://www.accaglobal.com/ca/en/student/exam-support-resources/fundamentals-exams-study-resources/f8/syllabus-study-guide.htmlhow about in the realistic world? Is that the code of ethics has stipulated must be followed by the external auditor under the audit framework? or it is just a guideline
The Code establishes “requirements” and YOU are required to observe them:
8. ACCA registered STUDENTS, affiliates and members are required to observe proper standards of conduct. The Code applies to all ACCA registered STUDENTS, affiliates and members in relation to all matters connected to their professional lives. This means that in matters connected to their professional lives, they must refrain from taking any action which amounts to a departure from the standards set out in this Code. In both their professional and personal lives, they must also refrain from what is described in ACCA’s bye-law 8 as misconduct.
9. Registered STUDENTS and affiliates are bound by the ethical requirements of ACCA, as affirmed by their signature on the application forms to be enrolled as registered students.
10. Registered STUDENTS remain bound by ACCA’s ethical requirements during the period between successful completion of the examinations and their admission to membership (i.e. those having affiliate status). On admission to membership they become subject to the same requirements in their new capacity.
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