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"All members have to adhere to the AAT code of professional ethics comprising of 5 fundamental principles. To become an AAT member, join Future Connect Training AAT Courses."
A member of AAT has more than AAT qualifications AQ2022. The licence is well recognized and respected by a wide range of businesses. In maintaining an excellent reputation in offering quality training, there is a need for our members to have a professional approach ‘AAT code of professional ethics’ which should be evident in their lives. A clear understanding of the AAT code of professional ethics is very important when applying for AAT Membership or MAAT Status.
AAT code of professional ethicsexplains our exception in high standards, quality training, and our members' top-notch professionalism. It provides its advantages to us as an Association and to all AAT members who have done AAT Bookkeeping AQ2022 courses or any of the AAT courses AQ2022.
To help our members uphold these standards and offer the highest levels of professional service at all times, we opted to publish the AAT Code of Professional Ethics, which has set out fundamental ethical principles with supporting guidance.
Key Takeaways
Introduction:
The AAT (Association of Accounting Technicians) Code of potential Ethics requires all organization members to uphold its principles and standards. The code ensures that AAT members maintain high ethical standards and integrity.
Key Points:
1. Professional Competence
AAT members must ensure they have the knowledge and skills to perform their duties competently. They must also keep up-to-date with changes in legislation and best practices and undertake continuing professional development (CPD).
2. Confidentiality
AAT members must protect the confidentiality of all information obtained during their work. They must only disclose such information to a third party with the appropriate authority or if legally required.
3. Integrity
AAT members must always act with integrity, honesty, and objectivity. They must not engage in any behavior that could damage their reputation or that of the AAT.
4. Professional Behaviour
AAT members must act professionally at all times and not engage in any conduct that could bring the profession into disrepute. They must also comply with all relevant laws, regulations, and ethical standards.
5. Conflicts of Interest
To maintain professional integrity, AAT members must avoid conflicts of interest and decline any gifts, hospitality, or other benefits that could impact their professional judgment.
Conclusion:
By adhering to the AAT Code of Ethics, members demonstrate their commitment to maintaining the highest standards of professionalism and contributing to the accounting profession's reputation.
Code Outline
The Code outlines the required standards of professional behaviour with guidance to help you achieve them
- It also helps you to protect the public interest
- And to maintain AAT's good reputation, which is gained by providing AAT Bookkeeping AQ2022 and AAT AQ2022 courses.
It is based on the AAT code of professional ethics for Professional Accountants licenced by the International Ethics Standards Board for Accountants (IESBA), which commenced on the 1st of January 2011.
However, several revisions were made to this Code but are incorporated by AAT, a full member of IFAC. As outlined in the constitution, the mission statement of IFAC is "the worldwide growth and development of an accountancy profession with harmonized standards and, of course, provides services of very high quality to the public".
Contribution of IFAC Board
In achieving this mission, the IFAC Board established IESBA to develop high-quality and issue its high-quality authority ethic and standard and pronouncements for its members to use around the world. The IESB is the Code of Ethics, which this Code establishes ethical requirements for IFAC members.
The IESBA Code, Code emulates a principles-based approach. It does not cover situations where members meet professional or ethical issues, stating how they should respond. Instead, it prefers a value system that focuses on essential professional and ethical principles, which are the core reasons for a proper code.
They must adhere to the Code in supplementing this; the Code also gives detailed guidance that is of specific importance to members of AAT to see that various basic principles in word and spirit adhere in all of their professional activities.
Five Fundamental Principles
This Code, therefore, sets out a Code of five fundamental principles which members must follow:
- Integrity
- Objectivity
- Professional competence and due care
- Confidentiality
- Professional behaviour
It establishes a framework that members must follow to help them identify and tackle threats to comply with the basic principles and respond appropriately to them.
The Code is in three parts:
- Part A applies to all members.
- Part B represents additional guidance, which refers specifically to licensed members.
- Part C applies specifically to business members.
A distinguishing mark of the accounting career after AQ2022 is its acceptance of responsibilities to act in the public interest.
This Code appears in three segments where Part-A establishes the Code of fundamental principles of professional ethics for members and sets a conceptual framework for applying those principles. The theoretical framework creates guidance on basic ethical principles, which requires members with AAT Accounting qualifications AQ2022 to use.
This policy framework enables them to identify threats to comply with the fundamental laws and evaluate their significance. If such risks are not significant, there is a need to apply specific measures to eliminate them so that the underlying principles are not compromised.
Parts B and C show how the conceptual framework is applicable in particular scenarios.
They show examples of safeguards that are ideal for addressing threats to compliance with the basic principles as they describe situations where securities are not available to address the risks. Indeed, the AAT code of professional ethics can avoid the activities or relationships creating dangers. Part B applies to licensed members. Part C applies to members of the business. Authorized members may also find Part C relevant to their particular circumstances.
Fundamental principles
A member will comply with the following fundamental principles no matter if it is AAT Bookkeeping AQ2022, AAT Accounting qualification AQ2022 or any other AAT courses AQ2022:
- Integrity has to be straightforward and honest in all professional and business relationships.
- Objectivity used so has not to allow bias, conflict of interest of others to override professional or business judgments.
- Being a professional in all you do is necessary to ensure maximum expert knowledge and skill used at the level required to ensure that an employer or your client receives ideal professional service of current practice and techniques developments. A member shall act by and diligently with applicable technical and professional ethical standards when providing professional services.
- Confidentiality means acting according to the law, respecting the trusting of information received because of professional and business relationships, and not disclosing any such information to third parties before a prim8 and appropriate authority unless there is a legal or professional right or duty to disclose. Confidential information is acquired, and because of such, professional and business relationships shall not be used for the personal advantage of its members or third parties.
- Professional behaviour is to comply with relevant laws and regulations and avoid any conduct that discredits the profession.
Conclusion
Future Connect Training is the best training provider. All members have to adhere to the AAT code of professional ethics consisting of 5 fundamental principles. Accounting not only helps an enterprise to run its day-to-day activities smoothly but also helps in its future growth. Join Future Connect Training if you want to become an AAT member.