While ethical practices would seem like a fundamental basic for accountants, the sector’s knowledge gap in ethics highlights the need for clearer understanding to make balanced and informed decisions, particularly when dealing with the many ethical grey areas.

A solid commitment to ethical practices is crucial for all accountants and finance professionals if they are to provide top-level services and be trusted by clients and stakeholders.

With scandalous accounting practices always seeming to be on the front page of the news, accountants cannot afford to make ethical mistakes, which lays bare just how vital it is to have at least a working grasp of the Code of Ethics.