Identify and Discuss 4 Fundamental Accounting Principles of the Code of Ethics
· Be straightforward, honest and sincere in your approach to professional work.
2. Objectivity
· Not to compromise their professional or business judgment because of bias, conflict of interest or the undue influence of others.
· Be fair and do not allow prejudice, conflict of interest or bias to override your objectivity.
3. Competence and Due Care
· Perform professional services with due care, competence and diligence.
· Carry out your professional work in accordance with the technical and professional standards relevant to that work.
· Maintain professional knowledge and skill at a level required.
· Refrain from performing any services that you are not competent to carry out unless assistance is obtained.
4. Confidentiality
· Respect the confidentiality of information acquired in the course of your work and do not disclose any such information to a third party without specific authority or unless there is a legal or professional duty to disclose it.
· Refrain from using confidential information acquired as a result of the professional engagement to your advantage or the advantage of third parties.