Principios fundamentales del código de ética del Contador Publico en México

Fundamental Principles of the Code of Ethics for Accountants in Mexico

In this video, the fundamental principles of the code of ethics that accountants in Mexico must adhere to are discussed. These principles include integrity, objectivity, professional competence and due care, confidentiality, and professional behavior.

Integrity

• Integrity involves being loyal, truthful, and honest.

• Accountants should avoid associating with false or misleading information.

• Examples like fake invoices or paying non-existent employees highlight breaches of integrity.

Objectivity

• Decisions should be based on knowledge and experience to maintain objectivity.

• Emotional ties or relationships with clients can compromise objectivity.

Professional Competence and Due Care

• Accountants must work according to their acquired knowledge and act responsibly.

• Ensuring subordinates have appropriate skills is crucial for effective performance.

Confidentiality

• Accountants cannot disclose client information without proper authorization or legal obligation.

• Information must be kept confidential and not used for personal gain or shared with third parties.

Professional Behavior

• Accountants must comply with professional standards and avoid illegal activities like tax evasion.