CODE OF ETHICS AND CONDUCT:

Ethics

Categories of Threats

The various categories of threat discussed within the Code of Ethics and Conduct (under which there is a risk of breaching one or more of the Fundamental Principles) are:

• self-interest threat – the threat that a financial or other interest will inappropriately influence the professional accountant’s judgment or behaviour
• self-review threat – the threat that a professional accountant will not appropriately evaluate the results of a previous judgment made or service performed by the professional accountant, or by another individual within the professional accountant’s firm or employing organisation, on which the accountant will rely when forming a judgment as part of providing a current service
• advocacy threat – the threat that a professional accountant will promote a client’s or employer’s position to the point that the professional accountant’s objectivity is compromised
• familiarity threat – the threat that due to a long or close relationship with a client or employer, a professional accountant will be too sympathetic to their interests, and
• intimidation threat – the threat that a professional accountant will be deterred from acting objectively because of actual or perceived pressures, including attempts to exercise undue influence over the professional accountant