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Wednesday, December 28, 2011

ACCA - FIP

Acting diligently to minimize the fraud, theft and error that will be occur in order to secure the impacts(benefits/harmful) to the public who will be affected by the shortcomings of an auditors.

Money laudering is the process by which illegally obtained funds are given the appearance of having originated from a legitimate source to disguise its proceeds from crime activities.

Trading of a corporation's stock or other securities (e.g. bonds or stock options) by individuals with potential access to non-public information about the company.

As behaving legally is the minimum requirement of a profession, professional ethics are important because law may be sometimes did not covered all aspects, its allowed profession as a reference while facing dillemma, which maybe lawful but unethics.

Threats that possess impacts on fundamental priciples of ethical behaviour are self-interest threats, self-review threats, advocacy, familiarity, and intimadation where they may discourage the obeyness to the ethics rule.

Mesurable criteria in order to meet dealine (timeliness) and perform (coorperativeness)within expectation (accuracy) in any circumstances (flexibility).

It is a versatile and powerful software tools which allow easy and accurate stoarage and processing of detailed numerical informatipon with wide range of formulae and graphical function, enable to produce budget cash flow, investment appraisal etc.

internally motivates people to do the things that seem good and right. People develop principles by working and living with people with similar principles and seeing the positive consequences and real benefits of appropriate conduct.

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