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Sample Code of Good Governance

This document outlines a Code of Good Governance for Certified Public Accountants (CPAs) in 8 sections. It emphasizes the CPA's commitment to public interest over personal interests, maintaining objectivity and transparency. It also stresses integrity, accountability, impartiality, professional competence, service to clients, positive work ethic, solidarity and teamwork, social responsibility, and nationalism/patriotism. The CPA, Allen Christian A. Reyes, commits to upholding this code in his professional practice.

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76 views

Sample Code of Good Governance

This document outlines a Code of Good Governance for Certified Public Accountants (CPAs) in 8 sections. It emphasizes the CPA's commitment to public interest over personal interests, maintaining objectivity and transparency. It also stresses integrity, accountability, impartiality, professional competence, service to clients, positive work ethic, solidarity and teamwork, social responsibility, and nationalism/patriotism. The CPA, Allen Christian A. Reyes, commits to upholding this code in his professional practice.

Uploaded by

Allen Christian Reyes
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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ALLEN CHRISTIAN A.

REYES
Certified Public Accountant
391 G. BAUTISTA STREET, SAN JOSE, RODRIGUEZ, RIZAL
Mobile: 0976 092 4405

CODE OF GOOD GOVERNANCE FOR CPAs

I. COMMITMENT TO PUBLIC INTEREST, OBJECTIVITY AND


TRANSPARENCY

As Certified Public Accountant, I shall always remember that I do not live for
myself and my family alone. I am part of society to which I owe definite responsibilities.
Therefore, I shall always uphold the public interest over and above personal interest.

In the performance of my profession, I shall maintain objectivity and shall make


decisions and actions solely based on merit. I shall remain open and transparent about
all the decisions and actions that I take. I should give reasons for my decisions and
restrict information only when the wider public interest clearly demands it.

II. INTEGRITY, ACCOUNTABILITY AND IMPARTIALITY

I shall bear the unassailable stamp of integrity. I shall do my utmost to abide by


the provisions of the Code of Professional Ethics for Certified Public Accountants. I
shall, at all times, practice the highest standards of good morals in order to effectively
discharge my function as professional. I shall, likewise, practice integrity and honesty, in
order to preserve and protect the interest and the good name of the profession. I shall
value my honour as I value my life. I shall, therefore, denounce all forms of nefarious
activities that impinge upon the integrity of the profession.

I shall fully assume responsibility for the decisions and actions I take in the
course of my practice, and live up to the consequences that flow from them including
submitting myself to whatever public scrutiny is appropriate to my work.

I shall never discriminate against anyone and extend service to every citizen in
need of my services, specially the underprivileged. I shall be just, charitable and
courteous but dignified in my dealing with the public.

III. PROFESSIONAL COMPETENCE

I shall strive to attain the highest level of efficiency, effectiveness, and economy
in my service. I shall commit myself to the highest degree of professional competence,
both in the technical and ethical sense, through empowerment and continuing self-
development. I shall commit myself to change, reform and innovation, where needed, in
order to continually enhance the quality of service. I shall continuously update myself on
new frontiers of professionalism and respond to developments affecting the profession.

IV. SERVICE TO CLIENTS AND OTHER PUBLIC

I exist to serve primarily the clients and the public. I shall accord them the dignity
and comfort that they deserve. I must adhere to a focused, efficient and committed
service to the public. Service must be a measure of my professionalism, and I shall,
therefore, always extend prompt, courteous and quality service to the public.

I shall also attend to others who may want to avail of my services and I must, at
all times, act promptly and expeditiously on the public’s needs for service.
V. POSITIVE WORK ETHIC

I shall develop positive work ethic, always loving my calling and working
cheerfully, thoroughly and well. Striving to be efficient at all times, I shall not leave for
tomorrow what I can do today. Corollary to this, I shall always bear in mind that I have a
job to perform and as such is duty bound to perform well. I shall discharge our duties
and responsibilities with honesty and dedication to my individual work, no matter how
humble and lowly the task may be.

VI. SOLIDARITY AND TEAMWORK

I shall work in unison and collectively always mindful that in cooperation, there is
strength, and in disunity, there is weakness. I shall, therefore, work towards the
development of a culture of unity, cooperation and empowerment. I shall at all times
respect the rights of my employees and peers, reaching out the hand of friendship to
one another and endeavour to promote an atmosphere of good feeling, ample
confidence, mutual respect and cooperation.

VII. SOCIAL RESPONSIBILITY

I shall contribute to the welfare of society and promote social justice. In so doing,
I must imbibe the professional’s vital role and significance to the accountancy practice,
the government and the society as a whole. I shall assume responsibility for each and
everyone’s role in sustaining and uplifting the standards of competence of the Filipino
Certified Public Accountants. I shall at all times be mindful of the consequences on
society of any of our acts and shall refrain from doing acts contrary to law, good morals,
good customs, public policy, public order, public safety and public interest. I shall
perform our tasks with utmost consideration of the consequences it may incur on public
interest and welfare.

VIII. NATIONALISM AND PATRIOTISM

I shall, at all times, be loyal and dedicated to the national interest. I shall be ready
at times to sacrifice for the country. I shall respect the Constitution which is the
expression of the sovereign will. I shall, at all times, push for the protection and
promotion of Filipino Certified Public Accountants to guaranty their competitive edge in
the global arena. I shall also use and develop local resources and conserve them for
posterity.

Signed and adopted this 18 th day of January 2023.

ALLEN CHRISTIAN A. REYES


CPA No: 0184510

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