09. Professional competence & due care
A professional accountant shall comply with the principle of professional competence and due care, which requires an accountant to:
(a) Attain and maintain professional knowledge and skill at the level required to ensure that a client or employing organization receives competent professional service, based on current technical and professional standards and relevant legislation; and
(b) Act diligently and in accordance with applicable technical and professional standards.
(c) Serving clients and employing organizations with professional competence requires the exercise of sound judgment in applying professional knowledge and skill when undertaking professional activities.
(d) In complying with the principle of professional competence and due care, a professional accountant shall take reasonable steps to ensure that those working in a professional capacity under the accountant’s authority have appropriate training and supervision.
(e)Where appropriate, a professional accountant shall make clients, the employing organisation, or other users of the accountant’s professional services or activities, aware of the limitations inherent in the services or activities.