ABSTRACT
The mission of the International Federation of Accountants is to serve the public interest while strengthening the worldwide accountancy profession and contributing to the development of strong international economies by establishing and promoting adherence to high professional standards. Accounting professionals are generally considered the keepers of the public trust. The Principles of the Code of Professional Conduct of the American Institute of Certified Public Accountants express the profession's recognition of its responsibilities to the public, to clients and to colleagues. The Institute of Management Accountants (IMA) Statement of Ethical Professional Practice specifies that members honor the overarching ethical principles of Honesty, Fairness, Objectivity and Responsibility. The IMA Statement of Ethical Professional Practice specifies that when faced with unethical issues, the member should follow the established policies of his or her organization, including use of an anonymous reporting system if available.
