Professional ethics questions feature in all the accountancy qualifications, but many students do not pick up all these relatively easy marks. An easy mnemonic to remember for ethics is COPIC (confidentiality, objectivity , professional behaviour, integrity and competence)

There are 2 main reasons why students lose marks on ethics:

  1. Candidates do not understand the scenario and tend to write generic answers instead of tailoring their answer to the specific issues raised in the question.
  2. Lack of technical knowledge on ethics, threats etc.

To help you, we have done a Kaplan Ethics Masterclass featuring 3 possible ethical scenarios- auditing, management accounting and tax.

Watch the FREE video using the link below.