Ethnical Conducts And The Management & Financial Management Accountants

Extracted from the www: are some guidelines pertaining to ethical dilemmas. These standards are in the areas of competence, confidentiality, integrity and objectivity for those practitioners of management accounting and financial management

By understanding the below guidelines, it is hoped that readers who aspire to be future accounting practitioners know that they have heavy task ahead in terms of responsibility and accountability. This is particularly so when we hear so much accounting fraud or scandals happening.


  • Maintain an appropriate level of professional competence by ongoing development of their knowledge and skills.
  • Perform their professional duties in accordance with relevant laws, regulations and technical standards.
  • Prepare complete and clear reports and recommendations after appropriate analysis of relevant and reliable information.


  • Refrain from disclosing confidential information acquired in the course of their work except when authorized, unless legally obligated to do so.
  • Inform sub-ordinates as appropriate regarding the confidentiality  of information acquired in the course of their work and monitor their  activities to assure the maintenance of that confidentiality.
  • Refrain from using or appearing to use confidential information acquired in the course of their work for unethical or illegal advantage either personally or through third parties.


·       Avoid actual or apparent conflicts of interest and advise all appropriate parties of any potential conflict.

·      Refrain from engaging in any activity that would prejudice their ability to carry out their duties ethically.

·      Refuse any gift, favor, or hospitality that would influence or would appear to influence their actions.

·      Refrain from either actively or passively subverting the attainment of the organization’s legitimate and ethical objectives.

·      Recognize and communicate professional limitations or other constraints that would preclude responsible judgement or successful performance of an activity.

·     Communicate unfavorable as well as favorable information and professional judgements or opinions.

·      Refrain from engaging in or supporting any activity that would discredit the profession.


·     Communicate information fairly and objectively.

·      Disclose fully all relevant information that could reasonably be expected to influence an intended users understanding of the reports, comments and recommendations presented.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.