1. 1.03 Key Principles for Ethics in Accounting Review
Guess the right principle

2. Key Principles for Ethics in Accounting
Integrity
Objectivity
Independence
Competence
Confidentiality

3. Accountants must choose between right and wrong
Integrity

4. Accountants must be impartial, honest and free of personal conflict
Objectivity

5. Accountants should be knowledgeable in their profession.
Competence

6. Accountants are responsible for entering correct entries.
Integrity

7. Accountants must not share private information regarding their clients.
Confidentiality

8. Accountants do not have an interest or profit financially from the companies they audit.
Independence

9. Accountants must not be influenced by personal interests.
Objectivity

10. Accountants are expected to protect personal and private information regarding their clients.
Confidentiality

11. Accountants must have the skills necessary to perform their jobs.
Competence

12. Accountants are responsible for true and correct financial statements.
Integrity

13. Accountants must have experience in their field.
Competence

14. This is necessary for accountants to build trust in regards to their professional judgments
Integrity

15. An accountant should not use information learned for personal gain.
Confidentiality

16. Accountants must have the public’s confidence in their professional services.
Independence

17. Accountants should behave in a way that does not suggest inappropriateness.
Objectivity

18. 

19. Objective 1.03 Understanding Ethics
Integrity
Accountants must choose between right and wrong.
Accountants are responsible for entering correct entries.
Accountants are responsible for true and correct financial statements.
Integrity is necessary for accountants to build trust in regards to their professional judgments.
Objective 1.03 Understanding Ethics

20. Objective 1.03 Understanding Ethics
Objectivity
Accountants must be:
Impartial
Honest
Free of personal conflicts
Accountants must not be influenced by personal interests.
Accountants should behave in a way that does not suggest inappropriateness.
Objective 1.03 Understanding Ethics

21. Objective 1.03 Understanding Ethics
Independence
Accountants do not have an interest or profit financially from the companies they audit.
Accountants must have the public’s confidence in their professional services.
Objective 1.03 Understanding Ethics

22. Objective 1.03 Understanding Ethics
Competence
Accountants should be knowledgeable in their profession.
Accountants must have the skills necessary to perform their jobs.
Accountants must have experience in their field.
Accountants are expected to keep abreast of current laws by continuing education classes.
Objective 1.03 Understanding Ethics

23. Objective 1.03 Understanding Ethics
Confidentiality
Accountants must not share private information regarding their clients.
Accountants are expected to protect personal and private information regarding their clients.
An accountant should not use information learned for personal gain.
Objective 1.03 Understanding Ethics