Ethical standards for accounting explained by our accountants for small business in Southbank - Part 1
In order to encourage accountants to act ethically, the Accounting Professional Ethical Standards Board enforces the APES110. The APES110 is a framework for ethical accounting to which members of the CPA, ICAA and IPA comply. There are five key principals of accounting ethical conduct that our accountants for small business in Southbank abide to. These include: integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.
For a member to act with integrity, the member should not be associated with information that:
• Contains a materially false or misleading statement
In part 2 of this article, our Melbourne small business accountants will explain the three remaining principals of ethical conduct.
For more information on these ethical standards, please contact our accountants for small business in Southbank.