Our Standard of Professional Practice on Ethics (SOPP on Ethics) applies to all CIPFA members and registered students.
The SOPP on Ethics (PDF, 569 KB) is based on the International Federation of Accountants (IFAC) Code of Ethics, which CIPFA has adopted in full.
The latest version (link) was adopted by CIPFA from 1 January 2011.
The new code is based on five principles:
• Professional competence and due care
• Professional behaviours
The code has three sections:
Part A – applies to all CIPFA members
Part B – accountants employed in practice. This includes members employed in the national audit agencies and framework contract firms
Part C – accountants in business. This includes members employed in public sector organisations, charities and in industry
CIPFA has produced a Guide to the SoPP on Ethics to assist members and students in the practical application of the requirements of the ethical standard.