GUIDANCE & ETHICS

CONSTITUTIONAL DOCUMENTS

On applying to become a member of AIA, you agree to be bound by the AIA Constitutional Documents, and observe all the provisions of the Memorandum and Articles of Association, Bye-Laws, Rules and Regulations of the AIA for the time being in force. The Constitional Documents can be downloaded from the Related Documents panel on the right of this page and you should ensure that you have the most recent edition.

CODE OF ETHICS

AIA has adopted the International Federation of Accountants (IFAC) Code of Ethics for Professional Accountants, and in agreement with IFAC, as an AIA member you are bound by the Constitution to observe this Code. The Code is updated on an annual basis and you should ensure that you have read the most recent version, it can also be downloaded from the Related Documents panel.

CPD GUIDELINES

Continuing Professional Development (CPD) is beneficial for you as an individual, as well as to the accountancy profession as a whole, as it offers an assurance to the public that you are up-to-date with the latest industry developments and innovations. CPD is mandatory for all AIA members and you are required to submit an annual declaration in October each year confirming that you have complete the requisite number of CPD units.

MEMBERS IN PRACTICE GUIDE

As An AIA Member you should be familiar with the AIA Quality Assurance Procedures and the AIA’s status as a Supervisory Authority in respect of the Money Laundering Regulations 2007.  Therefore all applicants for direct membership are requested to download and read the regulations, monitoring and disciplinary procedures governing members holding an AIA Practising Certificate.

ANTI-MONEY LAUNDERING GUIDANCE

The AIA has supervisory status for its members in the Money Laundering Regulations 2007. The aim of the Money Laundering Regulations is to have the most appropriate and proportionate measures to deter, detect and disrupt money laundering and the financing of terrorism.

The Anti-Money Laundering Guidance for the Accountancy Sector provides the accountancy sector with not only an interpretation of the requirements of the Money Laundering Regulations 2007 (which became effective from 15 December 2007) and primary legislation relating to money laundering and terrorist financing but also practical guidance on good practice for matters not prescribed in law.

PROFESSIONAL CONDUCT IN RELATION TO TAXATION

AIA has adopted the Professional Conduct in Relation to Taxation (PCRT). This guidance, written by professional bodies for members working in tax, sets out the hallmarks of a good tax adviser, and in particular the fundamental principles of behaviour that members are expected to follow. The guidance has been recognised in the courts as ‘setting the standard’ for use by all tax advisers in the UK.

This guidance aims to make clear any tax adviser’s obligation to advise their clients or businesses accurately and thoroughly of the implications of their actions, including reputational and practical aspects.  It also addresses common, as well as more complex and difficult, situations with expert commentary in an ever-changing environment.