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Hi sir
I have a question about the differences between between four things that I mentioned in the topic!
I can’t recognise the differences between them and it’s makes me confused badly when an statement asks me about the “ethical principle”!
I mean for example when there is an statement which describe a situation and ask us that “the statement refers to which of the ethical principle?”
As an example :
finance director must ensure that the information published by their organisation provide a complete and precise view of the position of the business, without concealing negative aspects that may distort the reader’s perception of its position.
why it refers to “Objectivity” in ethic and not “Probity” or “Honesty”??!If you explain me these issue in ethic and the differences I would be so appreciated
thanks for all your lectures
bestsThere are five fundamental ethical principles: integrity, objectivity, confidentiality, professional competence and due care, professional behaviour. These are strict terms and honesty and probity do not appear.
In the example you give, I would probably have gone for integrity (which includes the ideas of honesty and being straightforward). Objectivity is more to do with how the accountant comes to a decision: based on fact and, eg, not being influenced by trying to increase the share price.
thanks to your guidance sir
but you can check the answer in ACCAGLOBAL’s mock exam
it is question 14 there which says the answer is “Objectivity”
This issue is still a matter for me:(
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