Q:Which of the following are Fundamental Principles of the ACCA's 'Code of Ethics and Conduct'?
Members should:
A. Strive for objectivity in all professional and business judgements.
B. Behave with courtesy and consideration towards all with whom they come into contact during the course of performing their work.
C. Charge reasonable fees for the work that they perform.
D. Not accept or perform work which they are not competent to undertake.
E. Behave with integrity in all professional, business and personal financial relationships.
A:The correct answers are: Behave with integrity in all professional, business and personal financial relationships; Strive for objectivity in all professional and business judgements; Not accept or perform work which they are not competent to undertake; Behave with courtesy and consideration towards all with whom they come into contact during the course of performing their work.
The Fundamental Principles do not deal with fees charged for work performed. There are five Fundamental Principles. The remaining principle requires members to maintain confidentiality of information.
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