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