Question

ICAEW Code states that "Chartered Accountants are expected to demonstrate the highest standards of professional conduct and to take into consideration the public interest and to maintain the reputation of the accounting profession"

Who does this apply to?

Answer 1

The ICAEW Code of Ethics applies to Chartered Accountants who are members of ICAEW, requiring them to maintain high standards of professional conduct and to consider the public interest in their work.

Step-by-step explanation:

The ICAEW Code of Ethics applies to Chartered Accountants and sets a standard for professional conduct. These Chartered Accountants are expected to uphold the highest levels of ethical behavior, considering the public interest and maintaining the profession's reputation. Similar to organizations like the IEEE-CS, which has a Code of Ethics for software engineers, the ICAEW Code applies to all members who are qualified under this professional body. Members of such organizations are bound to follow these codes to ensure they meet professional obligations and ethical standards, which includes corporate responsibility and the broader impacts of their work on society.