ACCA Applied Knowledge · Business and Technology · Fundamental principles of ethical behaviour
A professional accountant faces an ethical conflict and is unsure how to proceed. Which step is MOST appropriate for obtaining independent guidance while maintaining confidentiality?
The most appropriate step is to consult the professional body or take legal advice on a confidential basis. This provides independent guidance without breaching the duty of confidentiality. Discussing details with colleagues, public forums or the client's management risks improper disclosure or a biased outcome.
- ADiscuss the details openly with colleagues in the same department
- BConsult the professional body or seek legal advice on a confidential basisCorrect
- CPost the details on a professional discussion forum
- DAsk the client's management to decide the correct course of action
Explanation
An accountant may obtain advice from the professional body or legal counsel without breaching confidentiality. Open discussion with colleagues, forums or the party involved risks disclosure of confidential information or compromised independence.
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