Code of Conduct

Institute of Certified Bookkeepers

As a member of the Institute of Certified Bookkeepers, Cairns Precision Bookkeeping

is bound by the institute’s Code of Professional Conduct

The code’s rationale is explained in point one:

In Society a bookkeeper has a special role. Trust in the accounts and books of  businesses and individuals are dependent on the bookkeeper’s truthful, careful and diligent making and keeping of records. The purpose of these rules is to provide standards of conduct for members of the Institute of Certified Bookkeepers which are appropriate to their conduct in their employment and practice and the preservation of the dignity of their profession.

Australian  Tax Practitioners Board

As a  registered BAS agent, Cairns Precision Bookkeeping

is also bound by the Australian  Tax Practitioners Board Code of Professional Conduct

This extract outlines the key principles of the code:

About the Code of Professional Conduct

The Code of Professional Conduct (Code) is a legislated code that sets out the professional and ethical standards required of registered tax agents and BAS agents. It outlines the duties that agents owe to their clients, the Tax Practitioners Board (Board) and other agents.The Code includes a number of core principles organised into five categories:

  • Honesty and integrity
  • Independence
  • Confidentiality
  • Competence
  • Other responsibilities.

Application of the Code

The Code applies to all registered tax agents and BAS agents.

Principles of the Codes

The Code has 14 principles:

Honesty and integrity

  1. You must act honestly and with integrity.
  2. You must comply with the taxation laws in the conduct of your personal affairs.
  3. If:
    1. you receive money or other property from or on behalf of a client, and
    2. you hold the money or other property on trust

    you must account to your client for the money or other property.

Independence

  1. You must act lawfully in the best interests of your client.
  2. You must have in place adequate arrangements to manage conflicts of interest that may arise in relation to the activities that you undertake in the capacity of a registered tax agent or BAS agent.

Confidentiality

  1. Unless you have a legal duty to do so, you must not disclose any information relating to a client’s affairs to a third party without your client’s permission.

Competence

  1. You must ensure that a tax agent service you provide, or that is provided on your behalf, is provided competently.
  2. You must maintain knowledge and skills relevant to the tax agent services that you provide.
  3. You must take reasonable care in ascertaining a client’s state of affairs, to the extent that ascertaining the state of those affairs is relevant to a statement you are making or a thing you are doing on behalf of the client.
  4. You must take reasonable care to ensure that taxation laws are applied correctly to the circumstances in relation to which you are providing advice to a client.

Other responsibilities

  1. You must not knowingly obstruct the proper administration of the taxation laws.
  2. You must advise your client of their rights and obligations under the taxation laws that are materially related to the tax agent services you provide.
  3. You must maintain the professional indemnity insurance that the Board requires you to maintain.
  4. You must respond to requests and directions from the Board in a timely, responsible and reasonable manner.