Professional and Business Ethics
Foster strong ethical standards and resolve ethical conflicts in accordance with the relevant principles and processes
Type
Functional
Competency Area
Risk, Compliance and Governance
Levels
Identify principles and processes to foster strong ethical culture
Uphold and comply with relevant ethics pronouncements or code of professional conduct and ethics during performance of individual duties and responsibilities
Identify threats to compliance with the principles of the relevant code of professional conduct and ethics
Resolve ethical dilemmas through understanding of ethical principles when engaging clients
Demonstrate sound judgment in applying and upholding high ethical standards expected of accountancy practitioners
Demonstrate conformance with relevant Code of Ethics
Support and uphold a culture of appropriate ethics and values within relevant team
Apply safeguards to deter situations that may result in unethical behaviours
Identify situations which may give rise to ethical conflicts in accordance with the principles of relevant code of professional conduct and ethics
Develop plans to negate occurrence of ethical breaches
Assess ethical culture of relevant functions and review proposed enhancements
Lead team to adhere to ethical practices within the organisation
Demonstrate compliance and application of ethical values
Uphold compliance to principles of relevant code of professional conduct and ethics
Advise on additional safeguards applied to support ethical culture
Investigate ethical issues and propose measures for resolution
Assess possible responses to ethical conflicts in compliance with the principles of the relevant code of professional conduct and ethics
Ensure implementation of ethical conflict resolution policies and procedures
Uphold compliance to principles of relevant code of professional conduct and ethics
Establish standard for ethical values, attitudes
and behaviours
Recommend strategies to advocate ethics and values within the relevant function and team
Advocate board and management to establish ethics and values within organisation to set the tone at the top
Demonstrate compliance to and application of ethical values
Evaluate effectiveness of safeguards applied to eliminate or reduce identified threats of unethical behaviour
Review adequacy of measures proposed for resolution of ethical issues identified
Foster ethical culture within the organisation
Determine appropriate courses of action to address ethical conflicts
Establish ethical conflict resolution policies and procedures