Code of Professional Ethics

AAT CODE OF
PROFESSIONAL
ETHICS
2014

Contents
4 Foreword

34

Section 250 Marketing professional services

5 Introduction

35

Section 260 Gifts and hospitality

35

Section 270 Custody of client assets

36

Section 280 Objectivity – all services

37


Sections 290 and 291 Independence –
review and assurance engagements

7

Part A: General application of
the Code
9


Section 100 Introduction and code of
fundamental principles

13

Section 110 Integrity

39

Part C: Members in business

14

Section 120 Objectivity

41

Section 300 Introduction

14


Section 130 Professional competence and
due care

43

Section 310 Conflicts of interest

15

Section 140 Confidentiality

46
Section 320 Preparation and reporting of
information

16

Section 150 Professional behaviour

47

Section 330 Acting with sufficient expertise

17

Section 160 Taxation

48



Section 340 Financial interests, compensation
and incentives linked to financial reporting
and decision-making

19

Part B: Members in practice

49

Section 350 Inducements

21

Section 200 Introduction

25

Section 210 Professional appointment

51

Glossary of terms

28

Section 220 Conflicts of interest

32

Section 230 Second opinions

33
Section 240 Fees and other types of
remuneration

Ethics advice line: 0845 863 0787 (UK), +44 (0)20 7397 3014 (outside UK).

4

Code of Professional Ethics / Foreword
Part A: General application of the Code

Foreword
The Association of
Accounting Technicians
Being a member of AAT is more than a qualification. AAT is well
recognised and respected throughout a wide range of businesses
and, in order to maintain this reputation and to continue to offer
quality training and support, we require our members to have
a professional and ethical approach throughout their lives. It is
because...