November 4

Code of Ethics

Code of Ethics

Andrew Hood

For Accountants & Teachers

Accountants
1 – A professional accountant should not be associated with reports, returns, communications or other information where they believe that the information:
(a) Contains a materially false or misleading statement;
(b) Contains statements or information furnished recklessly; or
(c) Omits or obscures information required to be included where such omission or obscurity would be misleading.
2 – A professional accountant may be exposed to situations that may impair objectivity. It is impracticable to define and prescribe all such situations. Relationships that bias or unduly influence the professional judgment of the professional accountant should be avoided.
3 – A professional accountant should take steps to ensure that those working under the professional accountant’s authority in a professional capacity have appropriate training and supervision.
4 – Where appropriate, a professional accountant should make clients, employers or other users of the professional services aware of limitations inherent in the services to avoid the misinterpretation of an expression of opinion as an assertion of fact.
5 – A professional accountant should take qualitative as well as quantitative factors into account when considering the significance of a threat. If a professional accountant cannot implement appropriate safeguards, the professional accountant should decline or discontinue the specific professional service involved, or where necessary resign from the client (in the case of a professional accountant in public practice) or the employing organization (in the case of a professional accountant in business).

Teachers
6 – Shall not unreasonably restrain the student from independent action in the pursuit of learning.
7 – Shall not unreasonably deny the student’s access to varying points of view.
8 – Shall not deliberately suppress or distort subject matter relevant to the student’s progress.
9 – Shall make reasonable effort to protect the student from conditions harmful to learning or to health and safety.
10 – Shall not intentionally expose the student to embarrassment or disparagement.

Sources:
https://www.ifac.org/sites/default/files/publications/files/ifac-code-of-ethics-for.pdf
http://www.nea.org/home/30442.htm