Mark Lee outlines the five fundamental ethical principles that form part of the membership handbooks for CCAB bodies and looks at how easy they are to apply in practice.
Many people assume that all accountants are alike. It often comes as a surprise when they learn that accountants may belong to one of a number of professional accountancy or tax bodies, or may have no professional qualifications at all.
There’s a fair bit of snobbery around, with some qualified accountants arguing that their qualification is better than another and many qualifieds arguing that simply having a professional qualification makes for a better accountant as compared with those who are qualified through experience. This debate has been the subject of plenty of threads on AccountingWEB over the years.
I’d like to consider this from a different perspective - that of compliance with the common set of fundamental principles adopted by the CCAB Accountancy bodies.