THE ETHICAL STANDARD OF

INTEGRITY
Presented by Martinez, Vera, Villanueva | BSA41
What is THE QUALITY OF BEING
HONEST AND HAVING
Integrity? STRONG MORAL PRINCIPLES.
Integrity is an important fundamental element of the
accounting profession. Integrity requires accountants to
be honest, candid and forthright with a client's financial
information. Accountants should restrict themselves
from personal gain or advantage using confidential
information. While errors or differences in opinion
regarding the applicability of accounting laws do exist,
professional accountants should avoid the intentional
opportunity to deceive and manipulate financial
information.
CIMA
110.1 The principle of integrity imposes an obligation on all professional
accountants to be straightforward and honest in all professional and business
relationships. Integrity also implies fair dealing and truthfulness.

110.2 A professional accountant shall not knowingly be associated with reports,

returns, communications or other information where the professional
accountant believes that the information:
(a) Contains a materially false or misleading statement;
(b) Contains statements or information furnished recklessly; or
(c) Omits or obscures information required to be included where such omission
or obscurity would be misleading. When a professional accountant becomes
aware that the accountant has been associated with such information, the
accountant shall take steps to be disassociated from that information.

110.3 A professional accountant will be deemed not to be in breach of

paragraph 110.2 if the professional accountant provides a modified report in
respect of a matter contained in paragraph 110.2.
IMA
1. Mitigate actual conflicts of interest. Regularly communicate with business
associates to avoid apparent conflicts of interest. Advise all parties of any potential
conflicts of interest.

2. Refrain from engaging in any conduct that would prejudice carrying out duties
ethically.

3. Abstain from engaging in or supporting any activity that might discredit the
profession.

4. Contribute to a positive ethical culture and place integrity of the profession

above personal interests.
 References

https://en.oxforddictionaries.com/definition/integrity
https://smallbusiness.chron.com/ethics-accounting-profession-3738.html
CIMA Code of Ethics
IMA Statement of Ethical Professional Practice