Document background
The Auditors Code of Ethics serves as the cornerstone document for maintaining professional standards and ethical conduct in the audit profession within Hong Kong. It is essential for ensuring compliance with local regulatory requirements while adhering to international best practices. The document is used by audit firms and individual practitioners to guide their professional conduct, decision-making processes, and quality control procedures. It encompasses fundamental ethical principles, independence requirements, conflict resolution procedures, and specific guidance for various types of audit engagements. The code is particularly relevant in Hong Kong's dynamic business environment, where auditors must navigate complex professional situations while maintaining the highest standards of integrity and professional conduct. It aligns with requirements set forth by the HKICPA, FRC, and other regulatory bodies, providing a comprehensive framework for ethical professional practice.
