a. Application of Ethics by ICAN Members:
ICAN members must act in the public interest, maintaining the highest level of professional ethics and conduct. Members are required to demonstrate integrity, objectivity, professional competence, and confidentiality in the discharge of their duties. Adherence to ethical requirements also means that members must avoid situations that could lead to conflicts of interest or impair their professional judgment.

b. Fundamental Principles of ICAN Code of Ethics:
The five fundamental principles of ICAN’s Code of Ethics include:

1. Integrity: Auditors must be honest and straightforward in all their professional dealings.
2. Objectivity: Auditors must avoid bias, conflict of interest, and undue influence from others that may compromise their professional or business judgment.
3. Professional Competence and Due Care: Auditors must maintain professional knowledge and skill at a level required to ensure that clients or employers receive competent professional services.
4. Confidentiality: Auditors must not disclose any information acquired as a result of professional relationships without proper and specific authority unless there is a legal or professional right or duty to disclose.
5. Professional Behavior: Auditors must comply with relevant laws and regulations and avoid any action that discredits the profession.

c. Disclosure of Information to Third Parties:
An auditor may be required to disclose information to third parties under the following circumstances:

1. When required by law, such as in legal proceedings or investigations.
2. When it is in the public interest to disclose information, such as when fraud or misconduct is detected.
3. When the client provides explicit consent for the disclosure.
4. To regulatory bodies in line with their statutory requirements.