Professional ethics are a set of rules and regulations imposed by the professional body to govern the conduct and practice of the members of that profession.
The practising auditors and accountants are governed by the rules and regulations imposed by accountants ICPAK. Professional ethics helps regulate the practice and conduct of auditors in order to behave as professionals who act above their self-interest.
Members of the institute owe a duty of care to the public and the profession itself. They are supposed to act in a manner consistent with the good reputation of the occupation and refrain from any conduct that may discredit the profession.
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