Business Awareness and Accounting Concepts

Front

Threats to Integrity

Back

Self-interest, familiarity threats

Front

Principle of Confidentiality

Back

Data protection laws, confidentiality impact

Front

Competence and Due Care Threats

Back

Knowledge updates, pressure, self-interest

Front

Principles-based approach

Back

Focuses on general guidelines and principles

Front

Rules-based approach

Back

Relies on specific rules and regulations

Front

Ethical conflict prevention

Back

Role of organisational policies

Front

Professional judgement

Back

Enhanced by professional scepticism

Front

Acceptable threat level

Back

Goal of threat management by accountants

Front

Gifts and hospitality

Back

Deciding on acceptance of gifts

Front

Fair treatment of employees

Back

Decent wages and working conditions