CCAB’s informal survey was designed to take the ethical temperature of the accountancy profession in the UK and Ireland over the last 3 years and as we emerge from the COVID-19 pandemic; the results are presented here.
The CCAB, which brings together five professional accountancy organisations in the UK and Ireland, carried out a snapshot survey of accountants working across all sectors in July and August to take the ethical temperature of the profession.
As accountants, ethics must always be at the forefront of every decision that we make. The UK and Irish professional bodies that make up the CCAB have Codes of Ethics against which we hold our members accountable, which are all substantively based on the IESBA International Code of Ethics for Professional Accountants.
The CCAB commissioned a third-party agency Populus (now Yonder) to conduct research into their members' views on the client due diligence checks they are required to perform as part of their Anti-Money Laundering responsibilities.
The practice of Fishing is the removal of a creature from its habitat which does not wish to be removed. The practice of Phishing is the removal of information from an individual who does not wish to provide the information which has been removed.
In view of the current Covid-19 there may be circumstances in which a client requires urgent advice in a time frame that does not allow completion of client due diligence (CDD) in sufficient time.
CCAB (The Consultative Committee of Accountancy Bodies) welcomes the publication by Accountancy Europe, Implications of Brexit on cooperation within the European audit profession.