CPABC in Focus January/ February 2017 | Page 42

Deadline for the Three-Year Cycle is December 31 , 2017

The Business Ethics CPD Requirement

Deadline for the Three-Year Cycle is December 31 , 2017
From CPABC ' s Continuing Professional Development Department oatawa / iStock / Thinkstock

The success of the chartered professional accounting profession relies on the profession ’ s reputation for upholding the highest ethical standards . Maintaining public trust is critical to the sustainability of the profession . Having a high standard of business ethics is good business practice . Organizations that demonstrate ethical behaviour and corporate social responsibility have a better chance of succeeding because they attract and retain loyal customers , employees , and investors . Management is responsible for leading an ethical culture by establishing appropriate policies , exhibiting ethical behaviour , and supporting staff at all levels with their decision-making .

42 CPABC in Focus • Jan / Feb 2017