Friday, August 12, 2011

Professionalism and Public Interest

Public Interest is the collective well-being of the community of people and institutions the professional accountant serves, including clients, lenders, governments, employers, employees, investors, the business and financial community and others who rely on the work of professional accountants. (IFAC)


Professionalism means avoiding actions that bring discredit on the accountancy profession.

Professional behavior imposes an obligation on professional accountants to comply with relevant laws and regulations.

Professionalism means to:
• Maintain confidentiality and upholding ethical standards.
• Should avoid making exaggerated claims for their own services, qualifications and experience
• Dealing with professional colleagues - work well with other team members, deal appropriately with concerns they raise about the work they are doing. They set an example to junior staff.




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