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- 3 Marks
Question
Code of Ethics are drawn up to be followed by all the company’s structures and professionals. It serves as a guide to professional conduct and guarantees concerns about efficiency, competitiveness, and profitability.
Required:
Identify THREE (3) codes of ethics for Accountants in Ghana.
(3 marks)
Answer
Three codes of ethics for accountants in Ghana include:
- Integrity: Accountants must be straightforward and honest in all professional and business relationships.
- Confidentiality: Accountants must respect the confidentiality of information acquired as a result of professional and business relationships and should not disclose any such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose.
- Objectivity: Accountants must not allow bias, conflict of interest, or undue influence of others to override professional or business judgments.
- Tags: Accounting Profession, Code of Ethics, Governance, Professional Conduct
- Level: Level 1
- Topic: Governance and Ethical Issues Relating to Business
- Series: MAY 2020
- Uploader: Dotse