P3 Professional-Practice-Of-Accountancy
P3 Professional-Practice-Of-Accountancy
P3 Professional-Practice-Of-Accountancy
PRACTICE OF
ACCOUNTANCY
ROLE OF THE PROFESSIONAL
ACCOUNTANT IN THE ECONOMY
The five different areas that the professional accountant’s mindset needs to
embrace include:
1. Professionalism and Ethical Behavior
2. Professional Judgment
3. Organizational and Environmental Awareness
4. An Investor and Wider Stakeholder Focus
5. Change, Uncertainty and Complexity
INCREASED IN GLOBALIZATION OF
ACCOUNTING AND AUDITING
Core Values
Core values of the CPA profession are the essential and
enduring beliefs that it upholds over time. Core values
enable CPAs to retain their unique character and value as
they embrace the changing dynamics of the global economy.
Integrity
Competence
Lifelong Learning
Objectivity
Commitment to Excellence
Relevance in the Global Marketplace
Core Competencies
Core competencies are a unique combination of human skills,
knowledge and technology that provides value and results to
the user. Enhancing the profession’s core competencies is key
to sustaining a competitive and differential advantage in the
marketplace.
Communication Skills
Leadership Skills
Critical-Thinking and Problem-Solving Skills
Anticipating and Serving Evolving Needs
Synthesizing Intelligence to Insight
Integration and Collaboration
Professional Organization
■ PICPA
■ National Association of CPA’s in Education
(NACPAE)
MUTUAL RECOGNITION
ARRANGEMENT
(MRA) ON ACCOUNTANCY
SERVICES