Professional ethics is defined as the personal and corporate rules that govern behavior within the context of a particular profession. An example of professional ethics is the American Bar Association's set of ethical rules that govern an attorney's moral obligations. YourDictionary definition and usage example.
Beside this, why professional ethics are important ACCA?
Ethics is at the heart of any trusted leader in their organisation. The role of the professional accountant goes beyond technical knowledge and experience. They must be trusted by their client or employer to act diligently and ethically - in their best interests, while maintaining due regard for the public interest.
Why ethical standards are important?
Ethics concern an individual's moral judgements about right and wrong. Decisions taken within an organisation may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company. Ethical behaviour and corporate social responsibility can bring significant benefits to a business.
Why is a professional code of ethics important?
A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. Regardless of size, businesses count on their management staff to set a standard of ethical conduct for other employees to follow.