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Code of Ethics - Cpa

By | June 2013
Page 1 of 121
CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN THE PHILIPPINES CONTENTS
PREFACE PART A: GENERAL APPLICATION OF THE CODE 100 110 120 130 140 150 Introduction and Fundamental Principles Integrity Objectivity Professional Competence and Due Care Confidentiality Professional Behavior

PART B: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE 200 210 220 230 240 250 260 270 280 290 Introduction Professional Appointment Conflicts of Interest Second Opinions Fees and Other Types of Remuneration Marketing Professional Services Gifts and Hospitality Custody of Client Assets Objectivity–All Services Independence– Assurance Engagements

PART C: PROFESSIONAL ACCOUNTANTS IN BUSINESS 300 310 320 330 340 350 Introduction Potential Conflicts Preparation and Reporting of Information Acting with Sufficient Expertise Financial Interests Inducements

DEFINITIONS EFFECTIVE DATE

2

Code of Ethics for Professional Accountants in the Philippines PREFACE TO THE CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS IN THE PHILIPPINES

This preface and the accompanying Code of Ethics for Professional Accountants in the Philippines have been approved by the Board of Directors of the duly accredited professional organization, the Philippine Institute of Certified Public Accountants (PICPA) recommended for adoption by the Board of Accountancy (BOA) and approval of the Professional Regulation Commission (PRC) as part of the rules and regulations of the BOA for the practice of the accountancy profession. 1. PICPA as a member of the International Federation of Accountants (IFAC) is committed to the IFAC’s broad objective of developing and enhancing a coordinated worldwide accountancy profession with harmonized standards. In working toward this objective, IFAC develops guidance on ethics for professional accountants. As a condition of its membership, PICPA is obliged to support the work of IFAC by informing its members of every pronouncement developed by IFAC, and to work towards implementation,...

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