ETIKA PROFESI AKUNTANSI ppt.pptx

8/20/2019 ETIKA PROFESI AKUNTANSI ppt.pptx

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ETIKA PROFESI AKUNTANSI

INTRODUCTION AND

PRINCIPLE FUNDAMENTAL


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Introduction

A distinguishing mark of the accountancyprofession is its acceptance of the responsii!ity toact in the pu!ic interest" Therefore# a professiona!accountant$s responsii!ity is not e%c!usi&e!y to

satisfy the needs of an indi&idua! c!ient oremp!oyer" In acting in the pu!ic interest# aprofessiona! accountant sha!! oser&e and comp!y'ith this (ode" If a professiona! accountant is

prohiited from comp!ying 'ith certain parts of this(ode y !a' or regu!ation# the professiona!accountant sha!! comp!y 'ith a!! other parts of this(ode"


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Fundamenta! Princip!e

A professiona! accountant sha!! comp!y 'iththe fo!!o'ing fundamenta! princip!es)

*a+Integrity

*+O,ecti&ity

*c+ Professiona! (ompetence and -ue (are

*d+ (on.dentia!ity

*e+ Professiona! /eha&ior


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Conceptual Framework Approach

The circumstances in 'hich professiona! accountants operate may createspeci.c threats to comp!iance 'ith the fundamenta! princip!es" It isimpossi!e to de.ne e&ery situation that creates threats to comp!iance'ith the fundamenta! princip!es and specify the appropriate action" In

addition# the nature of engagements and 'ork assignments may di0erand# conse1uent!y# di0erent threats may e created# re1uiring theapp!ication of di0erent safeguards" Therefore# this (ode esta!ishes aconceptua! frame'ork that re1uires a professiona! accountant to identify#e&a!uate# and address threats to comp!iance 'ith the fundamenta!princip!es" The conceptua! frame'ork approach assists professiona!accountants in comp!ying 'ith the ethica! re1uirements of this (ode andmeeting their responsii!ity to act in the pu!ic interest" It accommodatesmany &ariations in circumstances that create threats to comp!iance 'iththe fundamenta! princip!es and can deter a professiona! accountant fromconc!uding that a situation is permitted if it is not speci.ca!!y prohiited"


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Threats and Safeguards

Threats may e created y a road range of re!ationships andcircumstances" 2hen a re!ationship or circumstance creates athreat# such a threat cou!d compromise# or cou!d e percei&ed tocompromise# a professiona! accountant$s comp!iance 'ith thefundamenta! princip!es" A circumstance or re!ationship maycreate more than one threat# and a threat may a0ect comp!iance'ith more than one fundamenta! princip!e" Threats fa!! into oneor more of the fo!!o'ing categories)

a" Se!f3interest threat

" Se!f3re&ie'

c" Ad&ocacy threat

d" Fami!iarity threat

e" Intimidation threat


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Safeguards are actions or other measures that may e!iminate threats orreduce them to an accepta!e !e&e!" They fa!! into t'o road categories)

a" Safeguards created y the profession# !egis!ation or regu!ation4 and

" Safeguards in the 'ork en&ironment"

Safeguards created y the profession# !egis!ation or regu!ation inc!ude)

5" Educationa!# training and e%perience re1uirements for entry into theprofession"

5" (ontinuing professiona! de&e!opment re1uirements"

5" (orporate go&ernance regu!ations"

5" Professiona! standards"5" Professiona! or regu!atory monitoring and discip!inary procedures"

5" E%terna! re&ie' y a !ega!!y empo'ered third party of the reports#returns# communications or information produced y a professiona!accountant"


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2hen initiating either a forma! or informa!con6ict reso!ution process# the fo!!o'ing factors#either indi&idua!!y or together 'ith other factors#may e re!e&ant to the reso!ution process)

a" Re!e&ant facts4

" Ethica! issues in&o!&ed4

c" Fundamenta! princip!es re!ated to the matter

in 1uestion4d" Esta!ished interna! procedures4 and

e" A!ternati&e courses of action"

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ETIKA PROFESI AKUNTANSI ppt.pptx