Answer to Question #208148 in Economics for Beauty Magadlela

Question

Mention and explain the five fundamental principles that an accountancy professional should comply with under all circumstances.

Answer 1

The revised Code establishes a conceptual framework for all professional accountants to ensure compliance with the five fundamental principles of ethics:

1. Integrity.
2. Objectivity.
3. Professional Competence and Due Care.
4. Confidentiality.
5. Professional Behavior.