Association of Chartered Certified Accountants (ACCA) Certification Practice Test

Which of the following is NOT one of the fundamental principles of the ACCA's Code of Ethics and Conduct?

1. Professional behaviour

2. Objectivity

3. Publicity

4. Integrity

The correct answer is: Publicity

The correct answer is indeed "Publicity." In the ACCA's Code of Ethics and Conduct, there are five fundamental principles that members are expected to adhere to: Integrity, Objectivity, Professional Competence and Due Care, Confidentiality, and Professional Behaviour. Each of these principles serves to uphold the core values of the profession and ensure that members act ethically in their conduct. Publicity is not among these fundamental principles. While awareness and promotion of an individual's services are important in many professions, the ACCA emphasizes ethical conduct in areas such as honesty, objectivity, and professionalism without explicitly categorizing publicity as a principle of conduct. This distinction underscores the prioritization of ethical standards over self-promotion, which is certainly important in ensuring public trust in the accounting profession. Understanding the fundamental principles helps to guide accountants in their day-to-day activities and decision-making processes, reinforcing the commitment to high ethical standards within their professional duties.