Professional ethics

In this lesson

1. 0:00 Ethics and law overview
2. 1:02 Professional ethics fundamentals
3. 3:23 Conflicts of interest and safeguards
4. 5:07 Client acceptance procedures
5. 7:34 New client engagement illustration

About this lesson

You'll explore ACCA's six fundamental ethical principles (integrity, objectivity, confidentiality, professional behaviour, professional competence, and due care), understand how conflicts of interest arise and how to manage them, and work through the practical procedures for accepting a new client safely and ethically. The video covers the key ethical scenarios you'll encounter in exams: confidentiality breaches and when disclosure is permitted, conflicts of interest between connected clients, and the safeguards needed to continue acting for both parties. You'll also learn the essential client acceptance checklist—identity verification, contacting previous advisors, assessing your firm's competence, and issuing an engagement letter—all presented as straightforward, high-value marks in your exam questions. Ethics questions are deliberately designed to be accessible. Unlike complex numerical work, these sections reward clear knowledge and methodical application of the framework. By mastering this content, you'll consistently pick up marks that could easily move you from below a pass to above it.

Duration: 9m