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ACCA Applied Knowledge · Business and Technology · Competence frameworks and personal development

Priya is a newly qualified accountant who is asked to prepare a tax computation in an area she has never worked on. Under the fundamental principle of professional competence and due care, what should Priya do first?

Priya should tell her manager about her limited experience and seek guidance or training before proceeding. Professional competence and due care means only doing work she can perform competently, and getting support where knowledge is lacking, rather than guessing or passing work on unreviewed.

  1. AComplete it using last year's file without further checks, as time is short
  2. BTell the manager of her limited experience and seek guidance or training before proceedingCorrect
  3. CAsk a junior colleague to complete it and sign it off herself
  4. DDecline all future work in the area permanently

Explanation

Professional competence and due care requires accountants to undertake only work they can perform competently, and to obtain help or training where needed. Being open about limits and seeking guidance is appropriate. Copying last year's file without checks or signing off others' work without review breaches due care.

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