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Will the fundamental principles of professional accounting code of ethics still be applicable to business environment...

Will the fundamental principles of professional accounting code of ethics still be applicable to business environment with rapid growth in the use of new technology and big data? Justify your answer.

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Answer #1

Fundamental principles of code of ethics refers to integrity, objectivity, confidentiality, professional behavior, professional due care and independence. The Professional accountants adheres to fundamental principles of code of ethics while performing his professional duties because to protect the public interest, includes investors, employees, suppliers, customers, government and society at large.

Even business environment with rapid growth in use of new technology and big data, the professional accountant should protect the interest of the people, in fact responsibly Increases with rapid growth (like CSR activities). The fundamental principles of code of ethics still applicable to the business environment with rapid growth.

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