The accountant code of ethics It is related to the performance of an individual who works as an accountant within a company, offering his professional service according to his knowledge. He is a person who has a broad capacity to improve financial status through his interpretations, research and informational summaries.
Despite this, among his job functions as an accountant within the company, he must comply with certain obligations and responsibilities as a professional, which requires him to know everything he understands the code of ethics for accountants.
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The accountant's reason for complying with this code is that he interacts directly with customers. However, in his work environment, he has a duty to have a good treatment and to maintain ethics with all people in general and maintain your reputation and provide credibility as an accountant professional.
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In this article you will find:
What are the functions of the counter
Among the functions that an accountant must fulfill are:
- He is a professional who is dedicated to managing, applying and interpreting the accounting of a company, in order to facilitate the reports corresponding to decision-making.
- His job is to keep books or accounting records of the organization, where he must record and record all the financial movements of the assets and rights of the organization.
- You must keep records that are in accordance with the regulations that apply to the operations and financial movements of the company.
- It deals in the same way, with the settlement of taxes and the review of economic reports that made by other accountants.
- The accountant has the ability to perform all types of audits, claims settlements for insurance companies, expert activities and make actuarial calculations.
- He is empowered to give public faith in relation to facts that are under his knowledge and linked to everything that refers to a professional level.
Principles of an accountant's code of ethics
Based on the studies that an accountant understands, entrepreneurs and investors can take decisions regarding the financial future of him, that is why the activity of an accountant should be governed for him accountant code of ethics, since it must look after the financial interests of the company.
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Given the importance of his work, there are different principles that he has to put into practice, such as the following:
Integrity
The accountant is in the duty of maintaining the moral integrity of him in his field of professional practice. This integrity includes essential values such as dignity, truthfulness, loyalty, justice, rectitude and honesty, these must be present in their work at all times.
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Independence
This is a principle related to the independence of judgment and mental that the accountant must have in the development of their professional practice. The objective of the certification of your work is to increase the level of confidence of your clients about the result of a specific evaluation or measurement.
You must have the ability to know and avoid the interests that may affect the principles of objectivity and integrity and lead their exercise to act in the same direction.
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Objectivity
Objectivity is understood as the way to express a reality without being altered. In the field of an accountant, impartial action free of prejudices must be present in everything related to the field of professional action. Therefore, it is essential when certifying or giving an opinion on the financial statements of third parties.
Care and professional competence
An accountant must have skills, knowledge, and a lot of experience to apply them carefully and diligently. You must be sure of the professional services you provide and adjust them favorably and in case you feel that you do not have sufficient capacity you should seek advice to be sure that you are qualified to carry out the exercise.
Responsibility
It is well known that responsibility is a very important factor that an accountant must understand, since it is present in the conduct and in all codes of ethics of an accountant included in the various levels of their professional practice.
Within this principle, the trust of the clients to whom the accountant provides his services is promoted and it is when he must fulfill his necessary capacities for the common professional good.
Behaviour
It is important that you act consistently and take care of his professional reputation, you should also avoid manifest any type of behavior that negatively interferes with a person or discredits their profession.
Confidentiality
The accountant should seek confidential agreements with his client while rendering his services to him. In practice, confidentiality is a fundamental element that must be kept strictly professional in order for the relationship to be successful.
Upgrade
In order for the accountant to remain active in the exercise, it is necessary to keep up to date with his knowledge so that he can correctly perform his services. In the same way, you have to be attentive to any modification of the regulations of the accountant code of ethics, especially those that come from social progress and the common good.
I respect
This is one of the principles that the accountant must always keep in mind, loyalty to his colleagues is essential within the free exercise and honesty of this profession. Respect allows a good cordiality and coexistence among all the professionals who belong to this union.
Technical rules
When an accountant carries out his services, he has to comply with rules and techniques issued by the State and by the Technical Council of Accounting, which means that he is in the duty to apply the procedures as indicated by the regulations, it is also necessary that you take into account the opinions of the clients while following the principles of ethics.
The accountant who performs his exercise, whether public or private, must comply with the rules of the accountant code of ethics, since its obligation is to ensure the financial interests of the natural or legal community directly related to the company or to the general society of the State.
