Performance Objective 1 is linked to paper P1, Professional Accountant. Remember that ethics is covered in 11 of the 16 exam papers. To perform effectively, you need to: $? behave with integrity and objectivity, eg act independently and avoid any conflict of interest $? maintain professional competence, confidentiality and due care $?
Performance Objective 1 is linked to paper P1, Professional Accountant. Remember that ethics is covered in 11 of the 16 exam papers. To perform effectively, you need to: $? behave with integrity and objectivity, eg act independently and avoid any conflict of interest $? maintain professional competence, confidentiality and due care $?
Performance Objective 1 is linked to paper P1, Professional Accountant. Remember that ethics is covered in 11 of the 16 exam papers. To perform effectively, you need to: $? behave with integrity and objectivity, eg act independently and avoid any conflict of interest $? maintain professional competence, confidentiality and due care $?
FOCUS ON PER PO 1: DEMONSTRATE THE APPLICATION OF PROFESSIONAL ETHICS, VALUES AND JUDGMENT
ACCOUNTANT – BUT REMEMBER THAT ETHICS IS COVERED IN 11 OF THE 16
As a professional accountant, ¤ Document situations where ¤ Ensure you keep up-to-date you must consistently you’ve had to consider the with ACCA’s codes of conduct demonstrate an ethically sound ethical angle of tasks you’ve and professional standards.
EXAM PAPERS – INCLUDING ALL PAPERS AT THE PROFESSIONAL LEVEL.
approach to all aspects of your been instructed to perform – ¤ How regular or in-depth is
PERFORMANCE OBJECTIVE 1 IS LINKED TO PAPER P1, PROFESSIONAL
work, upholding ACCA’s Code of for instance, if your supervisor your own personal monitoring Conduct and Ethics and taking asks you to make a false of your compliance with personal responsibility for the accounting entry, or if you have legislation, standards and decisions you make. to process an expense claim regulations as you go about Performance Objective 1 is that you know to be fraudulent, your daily routine? linked to Paper P1, Professional how did you handle the ¤ Identify who within your Accountant – but remember that situation? What did you learn organisation is responsible ethics is covered in 11 of the 16 from the experience? for providing ethical advice exam papers – including all ¤ Think of instances where or managing compliance with papers at the Professional level. you’ve been unsure of the relevant legislation, rules or To perform effectively, you ethical nature of the situation regulations – and document need to: you found yourself in – such occasions when you’ve sought ¤ uphold (and be seen to uphold) as being treated exceptionally their advice: why, when, and professional ethics, values favourably by a supplier keen what was the outcome? and standards to increase business with your ¤ behave with integrity organisation, or discovering These examples are not and objectivity, eg act records on a client audit that obligatory – think of ways in independently and avoid any you suspect to be deliberately which you might demonstrate conflict of interest falsified. At what stage did you achievement of this objective ¤ maintain professional raise the matter with a superior, according to the demands and competence, confidentiality or did you resolve it yourself? nature of your own job. and due care. How was your ethical awareness The next step is to answer the enhanced in the process? three unique challenge questions Demonstrating a sound ethical ¤ Write about when you may have for this objective in the trainee awareness, living out your values observed unethical behaviour development matrix (TDM), and applying your judgment in your colleagues. What accessed via myACCA: in practice are not one-off made you suspicious? What ¤ Describe an occasion on requirements; you’ll need to went through your mind? How which you had to demonstrate place ethics at the heart of would you tackle the situation ethical behaviour. all your work, throughout your differently in future? ¤ What did you learn from this professional career. ¤ What have you learned, or experience and how will it To achieve this performance drawn conclusions from, about influence your future behaviour objective, therefore, you’ll need high-profile financial, business, in the workplace? to keep ethics very much at the or even political activities ¤ What would have been the forefront of your mind, whatever you’ve read about or watched impact had you not behaved activity you engage in. on the news? What do you ethically in this situation? think is the difference between behaviour that’s unethical and behaviour that actually breaks rules?