Under our Code of Professional Ethics, every AAT member must follow these five principles:
- Integrity
You must be straightforward and honest in all professional and business relationships.
- Objectivity
You must not compromise professional or business judgment because of bias, conflict of interest or the undue influence of others.
- Professional competence and due care
You must maintain professional knowledge and skill (in practice, legislation and techniques) to ensure that a client or employer receives competent professional service.
- Confidentiality
You must not disclose confidential professional or business information or use it to your personal advantage, unless you have explicit permission to disclose it, or a legal or professional right or duty to disclose it.
- Professional behaviour
You must comply with relevant laws and regulations, and avoid any action that may bring disrepute to the profession.
Acting in the public interest
Ethical decision making is based on a conceptual framework, which AAT members must use to identify and evaluate threats to compliance with the fundamental principles and to respond appropriately to them.
All accounting professionals must act in the public interest. Whether managing the financial affairs of a company or providing services to an individual, acting ethically and to the highest technical competence is of paramount importance.
It is for these reasons that AAT members are expected to engage with and apply the fundamental ethical principles to ensure:
- The client’s needs are met
- The public interest is not compromised
- Risk is properly managed
- All parties are treated fairly
Where an AAT member’s professional behaviour falls short of the ethical standards we expect, we will investigate and take action.
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