Ethics

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lv9783
lv9783 Registered Posts: 65 Regular contributor ⭐
I have remembered the 5 fundamental principles of Ethics

Confidentiality
Objectivity
Professional Competence and due care
Professional Behaviour
Integrity

I am finding that a lot of the scenarios could be between 2 of them especially Integrity and Objectivity eg A director asking you to omit a piece of information from the financial statements. This could be integrity as you need to be straight forward and honest or it could be Objectivity as to avoid bias or undue influence of others to override professional judgements.

Is there a way to know which one to use or will they give marks for giving the correct definition?

Thanks
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