Summary of CÓDIGO DE ÉTICA PROFESIONAL DEL CONTADOR PÚBLICO

00:00:00 - 00:10:00

The video discusses the code of ethics for public accountants, which includes important principles such as honesty, justice, integrity, and competency. The code is applicable to all public accountants, regardless of whether they work in the public or private sector. The video also covers violations and penalties, as well as the institutional bodies responsible for upholding the code of ethics.

• 00:00:00 The code of ethics for public accountants addresses five fundamental principles: honesty, justice, integrity, competency, and behavior. The code of ethics for public accountants is applicable to all public accountants, regardless of whether they work in a public or private sector.
• 00:05:00 This video discusses the ethical principles of public accountants. It begins by discussing the responsibility that every accountant has to be accountable for their reports, statements, and jurats. It goes on to mention that the accountant cannot retain books or documents of their clients unless they have a legal backing, and in cases of conflict with their clients, they must resolve it with the competent authority. Another norm mentioned is the professional secret, which is very similar to the principles of ethical standards that we have seen previously. It says that the accountant must maintain confidentiality of the information they have accessed in performing their duties, unless it is required by law. Finally, there is independence of judgment, which says that the accountant must act with total objectivity and impartiality at all times, and cannot be swayed by any other person. Additionally, the accountant must take into account the client's financial situation when providing services, and must always be aware of the impact of their services on the profession. Lastly, there is an announcement of services section, in which the accountant can offer their services in a respectful and measured manner through announcements in any media. When identifying themselves, they should only use their name, title, and professional address. They should avoid using the corporation's name or logo in their announcements.
• 00:10:00 The video introduces the code of ethics for public accountants, which includes symbols and important concepts. The fourth article covers violations and penalties, and includes four types of sanctions: verbal warning, written warning, temporary suspension of practice, and expulsion or cancellation of membership. Finally, the fifth article covers the institutional bodies responsible for upholding the code of ethics, and the five articles are concluded with a brief summary.