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Section 2
, we look at the idea of managers' 
accountability
and 
fiduciary responsibility
. The vital theme here is that, even at the 
highest level, managers are not autonomous: they are always 
responsible to someone for their actions. 
Section 3
looks at the wider background to ethical behaviour. 
Organisations are embedded in society and must respond not only to 
established ideas about ethical conduct but also to current public 
concerns, including some current notions about social responsibility. 
Section 4
is about the way organisations manage ethical problems 
and, in particular, about the desirability of building and maintaining 
an ethical culture. 
Sections 5 and 6
consider in particular why ethics are relevant to 
accountants, and the qualities that accountants should demonstrate. 
In particular, you are encouraged to make yourself familiar with 
ACCA's own ethical code
.
Section 7
looks at ethical codes for businesses, while 
Sections 8 and 
9 
deal with ethical dilemmas arising in business and their resolution. 
BPP Tutor Toolkit Copy

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PART F: PROFESSIONAL ETHICS IN ACCOUNTING AND BUSINESS 
 
476
 
Study Guide 
Intellectual level
 
F1 Fundamental principles of ethical behaviour 
 
 
(a) Define business ethics and explain the importance of ethics 
to the organisation and to the individual. 
K 
(b) Describe and demonstrate the following principles from the 
IFAC (IESBA) code of ethics, using examples.
K 
(i) 
Integrity 
(ii) 
Objectivity 
(iii) 
Professional 
competence 
(iv) 
Confidentiality 
(v) 
Professional 
behaviour 
(c) Describe organisational values which promote ethical 
behaviour using examples. 
K 
(i) 
Openness 
(ii) 
Trust 
(iii) 
Honesty 
(iv) 
Respect 
(v) 
Empowerment 
(vi) 
Accountability 
(d) Explain the concept of acting in the public interest. 
K