Codigos Eticos De Contabilidad

International Federation of Accountants’ Ethics Committee

June 2005

Code of Ethics for Professional Accountants

Mission of the International Federation of Accountants (IFAC) To serve the public interest, IFAC will continue to strengthen the worldwide accountancy profession and contribute to the development of strong international economies by establishing and promoting adherence tohigh-quality professional standards, furthering the international convergence of such standards and speaking out on public interest issues where the profession’s expertise is most relevant. The Code of Ethics for Professional Accountants has been prepared by the Ethics Committee of the International Federation of Accountants. The approved text is published in the English language.

Jan Munro IFACEthics Committee 545 Fifth Avenue, 14th Floor New York, New York 10017 USA

Copyright © June 2005 by the International Federation of Accountants (IFAC). All rights reserved. Permission is granted to make copies of this work provided that such copies are for use in academic classrooms or for personal use and are not sold or disseminated and provided further that each copy bears the following creditline: “Copyright ©by the International Federation of Accountants. All rights reserved. Used by permission.” Otherwise, written permission from IFAC is required to reproduce, store or transmit this document, except as permitted by law. Contact permissions@ifac.org. ISBN: 1-931949-45-X

CODE OF ETHICS FOR PROFESSIONAL ACCOUNTANTS CONTENTS PREFACE.............................................................................................................................. PART A: GENERAL APPLICATION OF THE CODE 100 110 120 130 140 150 Introduction and Fundamental Principles ..................................................................... Integrity......................................................................................................................... Objectivity.................................................................................................................... Professional Competence and Due Care....................................................................... Confidentiality .............................................................................................................. Professional Behavior................................................................................................... 4 9 10 11 12 14 Page 2

PART B: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE 200 210 220 230 240 250 260 270 280 290 Introduction................................................................................................................... ProfessionalAppointment............................................................................................. Conflicts of Interest ...................................................................................................... Second Opinions ........................................................................................................... Fees and Other Types of Remuneration........................................................................ MarketingProfessional Services................................................................................... Gifts and Hospitality ..................................................................................................... Custody of Clients Assets ............................................................................................. Objectivity–AllServices............................................................................................... Independence–Assurance Engagements ....................................................................... 16 21 24 26 27 29 30 31 32 33

PART C: PROFESSIONAL ACCOUNTANTS IN BUSINESS 300 Introduction................................................................................................................... 310...