What ethical principle relates to accountants having to discharge their duties in a straightforward, honest way?

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The question asks which ethical principle relates to accountants discharging their duties in a straightforward, honest way.
Option 1: Integrity. This principle is all about honesty, accuracy, and straightforwardness in professional work, including avoiding deception and misrepresentation. It directly describes behaving in a truthful and reliable manner, which aligns with being straightforward and honest.
Option 2: Objectivity. While objectivity emphasizes impartiality and freedom from conflicts of interest, it focuses on making unbiased judgments rather than the broader emphasis on honesty in conduct. It supports not being swayed by bias, but it isn’t the term that most precisely captures straightforward honesty.
Option 3: Professional Behaviour. This principle concerns adhering to applicable laws, regulations, and professional standards, and generally behaving in a manner that upholds the reputation of the profession. It covers conduct but is broader and includes compliance; it doesn’t pinpoint the core idea of being honest and straightforward in all duties.
Option 4: Professional Competence and Due Care. This relates to maintaining the necessary knowledge and applying professional care in performing duties. It emphasizes skill and diligence rather than the ethical stance of honesty in reporting or conduct.
In summary, while the other options describe important aspects of professional ethics, Integrity most specifically encapsulates the expectation of discharging duties in a straightforward, honest way, distinguishing it from impartiality (Objectivity), compliant conduct (Professional Behaviour), and competence/diligence (Professional Competence and Due Care).

BACC012 Week 9: Practice Quiz

What ethical principle relates to accountants having to discharge their duties in a straightforward, honest way?

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