Members in Business

In addition to APES 110 Code of Ethics for Professional Accountants (including Independence Standards), the APES 200 Standards Series and the APES GN 20 Guidance Note Series, there are two specific pronouncements applicable to Members in Business.

APES GN 40 Ethical Conflicts in the Workplace – Considerations for Members in Business (APES GN 40)

APES GN 40 provides members in business with guidance on the application of APES 110 Code of Ethics for Professional Accountants (including Independence Standards) (the Code). The guidance note uses the conceptual framework of the Code to address ethical issues encountered by members in business in respect of conflicts of interest, reporting of information, acting with sufficient expertise, financial interests, inducements, responding to non-compliance with laws and regulations, pressure to breach the fundamental principles of the Code, the disclosure of confidential information of an Employer to a third party and whistleblowing.

APES GN 40 includes twenty-one case studies, which illustrate examples of ethical issues faced by members in business and the application of the Code’s ethical decision-making process that could be used to resolve such ethical issues.

APES GN 41 Management Representations (APES GN 41)

APES GN 41 provides guidance to members in business regarding their professional and ethical obligations relating to the preparation of and/or signing of management representations, including Financial Reporting Certifications.

The guidance note outlines key types of external and internal management representations and also addresses matters for members’ considerations when preparing or reviewing management representations at the entity level, controlling entity level and Board or audit committee level.

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