I am really passionate about accounting.
These notes will really help you to understand the theory behind the work that you are doing. It will enable you to see the bigger picture, and surely improve your grades.
Happy studying!
Chapter 1 – Ethics
LEARNERS SHOULD BE ABLE TO:
Identify and analyse ethical behaviour applicable to the financial environments
with reference to accountability & transparency.
Ethics:
Code of ethics:
Ethics is about knowing the
difference between right and wrong, A written set of rules and guidelines
distinguishing between acceptable & which outline moral standards and
unacceptable behaviour and then ethical principles to be followed by a
applying this knowledge to make business and all of its employees.
choices that are morally correct.
Ethical conduct also involves being
considerate of others and taking into
account what effects your decisions
will have on others.
South African Institute for Charted Accountants
Provides ethical guidance for accountants & aims to ensure that accountants comply
with regulations and standards.
If an accountant is reported to have acted in contravention with this code, he/she
may face a disciplinary action, which could lead to an official caution, a fine or even
being suspended from being able to work as an accountant.
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