Code of Ethics
At ifac, we are committed to acting in the public interest and to promoting and ensuring professional and ethical standards.
We are regulated by the Institute of Certified Public Accountants in Ireland (ICPAI) and are governed by the principals in the ICPAI Code of Ethics.
The ICPAI adopted the International Code of Ethics for Professional Accountants (including International Independence Standards) issued by the International Ethics Standards Board for Accountants (IESBA).
The Five Principles of Ethical Behaviour
We shall be straightforward and honest in all professional and business relationships.
We shall not allow bias, conflict of interest or undue influence of others to compromise professional or business judgments.
3. Professional Competence and Due Care
We shall attain and maintain professional knowledge and skill at the level required to ensure that our clients receive a competent professional service based on current technical developments in practice, relevant legislation and techniques. We shall act diligently and in accordance with applicable technical and professional standards when providing professional services.
We shall respect the confidentiality of information acquired as a result of professional and business relationships and shall not disclose any such information to third parties without proper and specific authority unless there is a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships shall not be used for the personal advantage of the member or third parties.
5. Professional Behaviour
We shall comply with relevant laws and regulations and shall avoid any conduct that might discredit the profession.