A member must be straightforward and honest in all professional and business relationships. Integrity also implies fair dealing and truthfulness.
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Objectivity
A member must not allow bias, conflict of interest or undue influence of others to override professional or business judgements.
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Professional Competence
A member has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques.
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Confidentiality
A member must, in accordance with the law respect the confidentiality of information acquired as a result of professional and business relationships and not disclose any such information to third parties without proper and specific authority unless there
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Professional Behaviour
A professional accountant should comply with relevant laws, regulations and should avoid any action tat discredits the profession.
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CPD
Continuing Professional Development is the continuous maintenance, development and enhancement of the professional and personal knowledge, skills and ability, which members of certain professions require throughout their working lives.
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Money Laundering
The process by which criminally obtained money or other assets (criminal property) are exchanged for 'clean' money or other assets with no obvious link to their criminal origins. It also covers money, however come by which is used to fund terrorism.
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Criminal Property
Obtained as a result of criminal conduct. It may take any form, including money or money's worth, securities, tangible property and intangible property.
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Terrorism Funding
Is fund raising, possessing or dealing with property or facilitating someone else to do so, when intending, knowing or suspecting or having reasonable cause to suspect that it is intended for the purposes of terrorism.
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POCA
The Proceeds of Crime Act 2002
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MLR
Money Laundering Regulations 2017
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TA
Terrorism Act 2000
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Fraud
An intentional act involving the use of deception to obtain an unjust or illegal advantage.
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Sustainable Development
Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
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Sustainable Business
A business that offers products and services that fulfil society's needs while placing an equal emphasis on people, planet and profits.
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Sustainable Trading
A trading system that does not harm the environment or deteriorate social conditions while promoting economic growth.
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CSR
Corporate Social Responsibility is the continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at la
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Other cards in this set
Card 2
Front
A member must not allow bias, conflict of interest or undue influence of others to override professional or business judgements.
Back
Objectivity
Card 3
Front
A member has a continuing duty to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional service based on current developments in practice, legislation and techniques.
Back
Card 4
Front
A member must, in accordance with the law respect the confidentiality of information acquired as a result of professional and business relationships and not disclose any such information to third parties without proper and specific authority unless there
Back
Card 5
Front
A professional accountant should comply with relevant laws, regulations and should avoid any action tat discredits the profession.
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