《Code of Ethics for Professional Accountantsof HKICPA：专业会计师的道德规范accountantsof.ppt》由会员分享，可在线阅读，更多相关《Code of Ethics for Professional Accountantsof HKICPA：专业会计师的道德规范accountantsof.ppt（14页珍藏版）》请在三一办公上搜索。
1、Code of Ethics for Professional Accountantsof HKICPA,LecturerAries WongB.B.A.,M.Sc.,M.Phil.,CFA,CPAEmail:arieswongchuhai.edu.hkHomepage:home.chuhai.hk/arieswong,Introduction,A professional accountants responsibility is not exclusively to satisfy the needs of an individual client or employer.In actin
2、g in the public interest a professional accountant should observe and comply with the code of ethical.Members of HKICPA who fail to comply with the Code could lose their membership.It is not practical to establish ethical requirements that apply to all situations and circumstances.Members should the
3、refore consider the ethical requirements as the basic principles they should follow in performing their work.The Code is divided into four parts:Part A:Fundamental PrinciplesPart B:Professional Accountants in Public PracticePart C:Professional Accountants in BusinessPart D:Additional ethical require
4、ments on specific areas,Fundamental Principles,I)IntegrityII)ObjectivityIII)Professional Competence and Due CareIV)ConfidentialityV)Professional Behaviour,Fundamental Principles,I)IntegrityA professional accountant should be straightforward and honest in all professional and business relationships.A
5、 professional accountant should not be associated with reports,returns,communications or other information where they believe that the information:Contains a materially false or misleading statement;Contains statements or information furnished recklessly;orOmits or obscures information required to b
6、e included where such omission or obscurity would be misleading.II)ObjectivityA professional accountant should not allow bias,conflict of interest or undue influence of others to override professional or business judgments.Relationships that bias or unduly influence the professional judgment of the
7、professional accountant should be avoided.,Fundamental Principles,III)Professional Competence and Due CareThe principle of professional competence and due care imposes the following obligations on professional accountants:To maintain professional knowledge and skill at the level required to ensure t
8、hat clients or employers receive competent professional service;To act diligently in accordance with applicable technical and professional standards when providing professional services.Continuing professional development develops and maintains the capabilities that enable a professional accountant
9、to perform competently.A professional accountant should take steps to ensure that those working under the professional accountants authority in a professional capacity have appropriate training and supervision.Where appropriate,a professional accountant should make clients,employers or other users o
10、f the professional services aware of limitations inherent in the services to avoid the misinterpretation of an expression of opinion as an assertion of fact.,Fundamental Principles,IV)ConfidentialityThe principle of confidentiality imposes an obligation on professional accountants to refrain from:Di
11、sclosing outside the firm or employing organization confidential information acquired as a result of professional and business relationships without proper and specific authority or unless there is a legal or professional right or duty to disclose;andUsing confidential information acquired as a resu
12、lt of professional and business relationships to their personal advantage or the advantage of third parties.A professional accountant should take all reasonable steps to ensure that staff under the professional accountants control and persons from whom advice and assistance is obtained respect the p
13、rofessional accountants duty of confidentiality.The need to comply with the principle of confidentiality continues even after the end of relationships between a professional accountant and a client or employer.,Fundamental Principles,IV)Confidentiality(Disclosure of confidential information)The foll
14、owing are circumstances where professional accountants are or may be required to disclose confidential information or when such disclosure may be appropriate:Disclosure is permitted by law and is authorized by the client or the employer;Disclosure is required by law,for example:There is a profession
15、al duty or right to disclose,when not prohibited by law.In deciding whether to disclose confidential information,professional accountants should consider the following points:Whether the interests of all parties,including third parties whose interests may be affected,could be harmed if the client or
16、 employer consents to the disclosure of information by the professional accountant;Whether all the relevant information is known and substantiated,to the extent it is practicable;The type of communication that is expected and to whom it is addressed.,Fundamental Principles,V)Professional BehaviourTh
17、e principle of professional behaviour imposes an obligation on professional accountants to comply with relevant laws and regulations and avoid any action that may bring discredit to the profession.This includes actions which a reasonable and informed third party,having knowledge of all relevant info
18、rmation,would conclude negatively affects the good reputation of the profession.In marketing and promoting themselves and their work,professional accountants should not bring the profession into disrepute.Professional accountants should be honest and truthful and should not:Make exaggerated claims f
19、or the services they are able to offer,the qualifications they possess,or experience they have gained;orMake disparaging references or unsubstantiated comparisons to the work of others.,Threats,Compliance with the fundamental principles may potentially be threatened by a broad range of circumstances
20、.Many threats fall into the following categories:Self-interest threats,which may occur as a result of the financial or other interests of a professional accountant or of an immediate or close family member;Self-review threats,which may occur when a previous judgment needs to be re-evaluated by the p
21、rofessional accountant responsible for that judgment;Advocacy threats,which may occur when a professional accountant promotes a position or opinion to the point that subsequent objectivity may be compromised;Familiarity threats,which may occur when,because of a close relationship,a professional acco
22、untant becomes too sympathetic to the interests of others;Intimidation threats,which may occur when a professional accountant may be deterred from acting objectively by threats,actual or perceived.,Ethical Conflict Resolution,When initiating either a formal or informal conflict resolution process,a
23、professional accountant should consider the following:Relevant facts;Ethical issues involved;Fundamental principles related to the matter in question;Established internal procedures;andAlternative courses of action.Where a matter involves a conflict with,or within,an organization,a professional acco
24、untant should also consider consulting with those charged with governance of the organization,such as the board of directors or the audit committee.If a significant conflict cannot be resolved,a professional accountant may wish to obtain professional advice from the relevant professional body or leg
25、al advisors.If,after exhausting all relevant possibilities,the ethical conflict remains unresolved,a professional accountant should,where possible,refuse to remain associated with the matter creating the conflict.,Discussion 1(HKICPA Module B Workshop Question),Discussion 1 contd(HKICPA Module B Workshop Question),Discussion 2(HKICPA Module B Workshop Question),Discussion 2(HKICPA Module B Workshop Question),
