CODE OF ETHICS ( GROUP 5)

1. Agency who released Code of Ethics for Professional Accountants

• 1. International Accounting Standard

• 1. International Ethics Standards Board for Accountants

• 1. Philippine Ethics Standards Board for Accountants

• 1. International Board of Ethics

Professional Behavior means a professional accountant should be straightforward and honest in all professional and business relationships

• TRUE

• FALSE

It gives an overview of clear expectations guides employees in their day-to-day decisions and actions, ensuring that their behaviour aligns with the company’s ethical principles.

• Value-Based Code of Ethics

• Compliance‐Based Code of Ethics

• Code of Ethics Among Professionals

Public officials and employees must always uphold the public interest over their personal interest and avoid any conflict of interest or appearance of impropriety in their actions.

• Commitment to Public interest

• Professionalism

• Justness and sincerity

• Political neutrality

Public officials and employees must provide prompt, courteous, and adequate service to the public, and respond to their needs and complaints in a timely and inappropriate manner.

• TRUE

• FALSE

All public officials and employees shall, within fifteen (15) working days from receipt thereof, respond to letters, telegrams or other means of communications sent by the public.

• TRUE

• FALSE

Not all official papers and documents must be processed and completed within a reasonable time.

• TRUE

• FALSE

Public officials and employees shall use or disclose any information to the public.

• TRUE

• FALSE

A code of ethics is a set of values and guidelines that people and organizations use to guide their decision-making and help them discern between good and bad.

• TRUE

• FALSE

Members of a professional organization should work together to get the job done.

• Integrity

• Teamwork

• Objectivity

• Trust