AAT Flash cards: The five fundamental principles of ethics

Maintaining your professional ethics as an accountant may not always be the easiest path, but it is essential to know where the line is and stay on the right side.

A recent survey found that 64% of accountants in business and practice had been put under pressure to act unethically.

This may be due to poor understanding of the ethical rules, rather than anything sinister though.

If you’re feeling unclear on anything ethics-related, check out page 49 of the November/December 2019 issue of Accounting Technician magazine to brush up. We’ve debunked some typical ethical dilemmas, and outlined what your legal obligations are.

In the mean-time, whether you’re studying for your AAT exams, or just need a quick refresher, download our free flashcards below. We’ve outlined the five fundamental principles of ethics and how they apply, as set by the International Ethics and Standards Board of Accountants (IESBA).

More guidance on ethics and professional conduct is available on aat.org.uk

The content team are the owners of AAT Comment.

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