Our Standard of Professional Practice on Ethics (SOPP on Ethics) applies to all CIPFA members and registered students.
The SOPP on Ethics (PDF, 570 KB) is based on the International Ethics Standards Board of Accountants (IESBA) Code of Ethics, which CIPFA adopts in full. The IESBA periodically updates its Code; CIPFA’s SOPP is current based on the 2011 version but will be fully updated with the most recent Code of Ethics by 2018, subject to the timetable of the ongoing IESBA restructuring project.
The Code is based on five principles. They are:
- Professional competence and due care
- Professional behaviours.
The Code is split into three sections:
- Part A - applies to all CIPFA members
- Part B – accountants employed in practice; for CIPFA members this includes members who are employed in the national audit agencies and framework contract firms
- Part C – accountants in business, which includes members employed in public sector organisations, charities and in industry.
CIPFA has produced guidance to the SoPP on Ethics to assist members and students in the practical application of the requirements of the ethical standard. This was updated in July 2017.