. .  topic map of accounting and auditing  . .

concept > ethics concept > ethical principle

class / concept name
ethical principle
sub-class of

ethics concept  . 

full name, other names

code of ethics,

consists of following members (types)

independence .  integrity  .  objectivity  .  competence  .  confidentiality  .  professional behavior  .  technical standards  .

governs the performance of

audit as a function, role, job, or assignment


unethical practices  . 

is related to

General Principles of an Audit  . 

is the subject of

auditing issue  .  ethics standard  .  FMA study 08  . 



The auditor should comply with the Code of Ethics for Professional Accountants. Ethical principles governing the auditor's professional responsibilities are:

that auditors [members of assurance teams, audit firms and network firms] be independent of assurance clients. Independence is: (a) independence of mind - the state of mind that permits the provision of an opinion without being affected by influences that compromise professional judgment; and (b) independence in appearance - the avoidance of facts and circumstances that are so
significant that a reasonable and informed third party would conclude an auditor's integrity, objectivity or professional skepticism had been compromised.

integrity:  A professional accountant should be straightforward and honest in performing professional services.

objectivity:  A professional accountant should be fair and should not allow prejudice or bias, conflict of interest or influence of others to override objectivity.

competence:  A professional accountant should perform professional services with due care, competence and diligence and has a continuing duty to [provide] competent professional service
based on up-to-date developments in practice, legislation and techniques. 

confidentiality:  A professional accountant should respect the confidentiality of information acquired during the course of performing professional services and should not use or disclose any such information without proper and specific authority or unless there is a legal or professional right or duty to disclose.

professional behavior:  A professional accountant should act in a manner consistent with the good reputation of the profession and refrain from any conduct which might bring discredit to the profession.

technical standards:

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This page was first published in April 2002; last updated in June 2015.