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ACCA Applied Knowledge · Business and Technology · The role of regulatory and professional bodies in promoting ethical and professional standards in the accountancy profession

Priya is a member of a professional accountancy body. She is asked by her employer to prepare figures she believes are misleading, and she is unsure what to do. Which is the most appropriate way in which her professional body can help her?

The body can offer guidance, such as a confidential ethics helpline and the code's conflict-resolution framework, to help Priya decide, but she remains personally responsible for her conduct. The body does not prepare her figures or automatically report her employer to the police.

  1. AIt will take over the preparation of the figures on her behalf
  2. BIt can provide an ethics helpline or guidance and set out the code's requirements, while the decision remains her responsibilityCorrect
  3. CIt will automatically report her employer to the police without consulting her

Explanation

Professional bodies typically give members ethics guidance or confidential helplines and publish the code of ethics with its framework for resolving dilemmas. They do not prepare members' work or automatically report employers, and the member remains responsible for her own conduct.

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