Please visit our web site for extra information about our company and our professionals and feel free to contact and ask us questions. It’s to be burdened that the purpose is to information directors and not to provide them with an in depth evaluation of the regulation on the topic underneath discussion. Interpretation of the law often relies upon upon the actual circumstances and if directors are in problem over interpretation of their duties they need to seek impartial authorized or other professional recommendation, or contact the Institute’s Technical Enquiries helpline or Ethics helpline companies. Reference to Section 7.1 ‘Professional conduct and disclosure in relation to defaults or illegal acts’, Section 9.5 ‘Anti-money laundering steering for the accountancy sector’ and to the Code of Ethics 3.4 ‘Skilled accountants in business (Half C)’ might also be useful.
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