Section 100 Fundamental Principles and Conceptual Framework Fundamental Principles
100.1 A professional accountant shall comply with the following fundamental
principles:
(a) Integrity - to be straightforward and honest in all professional and business relationships.
(b) Objectivity - to not allow bias, conflict of interest or undue influence of others to override professional or business judgments.
(c) Professional Competence and Due Care - to maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current
developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards.
(d) Confidentiality – to respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not discloses any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose, nor use the information for the personal advantage of the professional accountant or third parties.
(e) Professional Behaviour – to comply with relevant laws and regulations and should avoid any action that discredits the profession. Each of these fundamental principles is discussed in more detail in Sections 110 – 150.