be straightforward and honest in all professional and business relationships.
As a professional accountant we will not allow bias, conflict of interest or undue influence of others to override professional or business judgments.
The circumstances in which our professional accountants operate may give rise to specific threats to compliance with these principles. It is impossible to define every situation that creates such threats and specify the appropriate mitigating action. In addition, the nature of engagements and work assignments may differ and consequently different threats may exist, requiring the application of different safeguards.
As a professional accountant we have an obligation to evaluate any threats to compliance with the principles when we know, or could reasonably be expected to know, of circumstances or relationships that may compromise compliance with these principles.
Information adopted and extracted from Code of Ethics for Professional Accountants