Companies Act 2014 section 1490

Professional ethics

Section 1490 requires recognised accountancy bodies to hold statutory auditors and audit firms to defined principles of professional ethics.

• Recognised accountancy bodies must ensure statutory auditors and audit firms adhere to professional ethical principles.
• These principles must, at a minimum, cover the auditor's public interest function.
• Auditors are required to maintain integrity and objectivity in all their professional dealings.
• Professional competence and due care must be demonstrated at all times.