ICAS has published this guidance paper - ‘ICAS Code of Ethics: Objectivity – Financial
interests in, or relationships with, clients’ - to provide assistance to ICAS Members on how to
ensure adherence to the fundamental ethics principle of objectivity.
The full guidance or alternatively an "abridged version", which provides an outline of the key points within the full guidance paper, are both available for download.
Guidance to the ICAS Code of Ethics: Objectivity – Financial interests in, or relationships with, clients
Read nowPDF (630 KB)
Abridged version - Guidance to the ICAS Code of Ethics: Objectivity – Financial interests in, or relationships with, clients
Read nowPDF (330 KB)
There are clear threats to objectivity when a CA or member firm has financial interests in and/or relationships (business, family or other personal) with their client. There will only be very limited circumstances when those threats can be reduced to an acceptable level. This paper discusses some factors that a professional accountant might need to consider when making an assessment as to whether adherence to the fundamental ethics principle of objectivity can be met and provides case studies in the Appendix by way of illustration.