What Are the Six Ethical Principles Stated in the Code

question 16

Essay

What are the six Ethical Principles stated in the Code of Professional Conduct?
Briefly discuss each principle. Are these principles enforceable?

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Definitions:

Investment Accounting Method

A set of principles for recording investments on the financial statements, depending on the level of control or influence over the invested entity.

Consolidated Figures

Financial data that combines information from separate entities into a single set of statements, used for overall analysis.

Consolidation Worksheet

A tool used in accounting to prepare the financial statements of a parent company and its subsidiaries, merging their assets, liabilities, and other financial items into a single set of statements.