2016年01月19日
Ethical threats/Safeguards
Ethical threats/ Safeguards
(1) Ethical threats apply to accountants – whether in practice or business.
(2) The safeguards to those threats vary depending on the specific threat.
(3) The professional accountant must always be aware that fundamental principles may be compromised and therefore look for methods of mitigating each threat as it is identified.
(4) An ethical threat is a situation where a person or corporation is tempted not to follow their code of ethics. / An ethical safeguard provides guidance or a course of action which attempts to remove the ethical threat.
(5) Conflict between requirements of the employer and the fundamental principles. / Obtaining advice from employer, professional organization, employer providing a formal dispute resolution process, legal advice.
(6) Preparation and reporting on information. / Consultation with superiors in the employing company, those charged with governance, and professional body.
(7) Having sufficient expertise. / Obtaining additional advice or training and assistance from relevant experts.
(8) Financial interests. / Remuneration being determined by others, disclosure of relevant interests to those charged with governance, consultation with superiors or relevant professional body.
(9) Inducements – receiving offers. / Don’t accept, inform relevant third parties after taking legal advice.
(10) Inducements – giving offers. / Don’t offer, follow the conflict resolution process.
(11) Confidential information. / Disclose information in compliance with relevant statuary requirements.