APESB’s APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code) is the cornerstone of integrity and trust in the accounting profession. Adapted from the International Code, it sets out principles and guidance that apply to all members of the Australian professional accounting bodies, including CA ANZ members.

The Code sets out a principles-based framework for ethical conduct. At its heart are five fundamental principles - Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, and Professional Behaviour - which guide accountants on how to perform professional activities in the public interest and to maintain trust and confidence in the work of the accounting profession.

The Code outlines a conceptual framework to identify, evaluate, and address threats to these principles, including when safeguards are appropriate and when other actions are required.

APESB Technical Staff have collaborated with CA ANZ to update an article Code Essentials for Professional Accountants which highlights how the Code is structured, its mandatory requirements, and the importance of professional judgment in applying its guidance.

Whether you’re new to the profession or seeking a refresher, this summary is an excellent way to ensure you understand the essential elements that underpin ethical practice.