Key Terms - Ethics, sustainability and CSR

This principle imposes an obligation on all members not to compromise their professional or business judgement because of bias, conflict of interest or the undue influences of others

• Objectivity

• Professional competence and due care

• Integrity

Which principle requires members to act diligently and in accordance with applicable technical and professional standards?

• Confidentiality

• Professional competence and due care

• Integrity

This principle requires members to be straightforward and honest in all professional and business relationships.

• Integrity

• Objectivity

• Confidentiality

Which principle emphasizes the importance of maintaining professional knowledge and skill at the level required to ensure that clients or employers receive competent professional service?

• Professional competence and due care

• Confidentiality

• Objectivity

Which principle requires members to respect the confidentiality of information acquired as a result of professional and business relationships?

• Confidentiality

• Integrity

• Objectivity

Which principle emphasizes the need for members to avoid any action that discredits the profession?

• Professional behavior

• Integrity

• Objectivity

An advocacy threat may occur

• when a member promotes a position or opinion to the point that objectivity may be compromised

• when a member becomes too sympathetic to the interests of others because of a close or personal relationship

Examples of a safeguard to eliminate threats or reduce them to an acceptable level

• Corporate governance regulations

• professional standards

• CPD (continuing professional development)

• Suspend the member or employee

The three pillars of sustainability

• Economic growth

• Environmental protection

• Social equality

• Professional regulation

The three pillars of sustainability

• Economic growth

• Environmental protection

• Social equality

• Professional regulation