Category: Professional Ethics and Code of Conduct
What is Advocacy Threat? Advocacy threat Definition: Advocacy threat occur when members promote a position or opinion on behalf of a client to the point that subsequent objectivity may be compromised. …
Fundamental Principles for Chartered Accountants Integrity: Members should be straightforward and honest in all professional and business relationships. Integrity implies not just honesty but also fair dealing and truthfulness. A …
Intimidation Threat Intimidation threat: This may occur when a chartered accountant may be deterred from action objectively by threats, actual or perceived. Being threatened with dismissal or replacement in relation to …
Self Review Threat Self-review threat: This may occur when a previous judgment needs to be re-evaluated by the chartered accountant responsible for that judgment. The discovery of a significant …
Familiarity threats: This may occur when, because of a close relationship, a chartered accountant becomes too sympathetic to the interests of others. A member of the engagement team having a …