Roles expected of professional accountancy bodies in promoting ethical behaviour:

• Formulating and enforcing acceptable behaviour standards for members.
• Setting standards of behaviour and communicating these through codes of ethics and training systems.
• Identifying areas of concern and consulting with members.
• Setting minimum standards through their system of regulation.
• Representing the concerns of the profession to the public and explaining how ethical conflicts are addressed.
• Issuing codes of conduct and ethics.
• Ensuring that all members comply with the codes of conduct and ethics.
• Acting in the public interest when necessary.
• Monitoring compliance and sanctioning violations where applicable.
• Providing guidance and training on ethical decision-making.