Understand the principles of ethical working in accountancy or payroll
Explain the general principles of ethical behaviour including
· integrity (including honesty)
· professional and technical competence and due care
· professional behaviour
Summarise the relevant legal, regulatory and ethical requirements affecting the accounting and finance sector and your own industry.
Explain the role of professional bodies relevant to your work
Explain why you, your organisation or industry are expected to operate within codes of conduct and practice
Explain how organisations can be at risk from improper practice and why it is important to be vigilant.
Identify opportunities to maintain your continuing professional development in line with the requirements of relevant professional bodies.
Know how to behave in an ethical manner when working with internal and external customers.
Explain how to act appropriately and with integrity, honesty, fairness and sensitivity when working with clients, suppliers, colleagues and others.
Identify why it is important to keep a professional distance between professional duties and personal life at all times
Explain why it is important to adhere to organisational and professional values, codes of practice and regulations at all times.
Explain why it is important to adhere to policies for handling clients’ monies
Explain why information should be kept confidential.
Identify circumstances when confidential information should be disclosed and who is entitled to the information.
Explain the importance of working within the limits and confines of your own professional experience, knowledge and expertise.
Summarise the advice to clients on the retention of books, working papers and other documents.
Understand when and how to take appropriate action following any suspected breaches of ethical codes.
Identify the relevant authorities and internal departments to whom unethical behaviour, breaches of confidentiality, suspected illegal acts or other malpractice should be reported.
Recognise when the relevant authority should be advised if an employee has concerns over work they have been asked to complete
Identify any inappropriate client behaviour and how to report it to the relevant authority.
Explain the procedures which should be followed if an employee suspects an employer, colleague or client has committed, or may commit, an act which is believed to be illegal or unethical e.g whistle blowing