In FY21, among our 21 largest ifrms, one ■ Integrity – to be straightforward and honest in professional and business relationships. employee was dismissed from a ifrm for all professional and business relationships This includes not to disclose any such violating that ifrm’s internal anti-corruption information to third parties without proper ■ Objectivity – to not allow bias, conlfict of and speciifc authority, unless there is policy. The incident involved a PwC employee demanding cash payments from an individual interest or undue inlfuence of others to override a legal or professional right or duty to who worked as a contractor. professional or business judgements disclose, and not to use the information for the personal advantage of the professional Managing independence ■ Professional competence and due care – to accountant or third parties maintain professional knowledge and skill at the Ethics, independence and objectivity level required to ensure that a client or employer ■ Professional behaviour – to comply with receives competent professional services relevant laws and regulations and avoid any based on current developments in practice, action that discredits the profession Ethics legislation and techniques; and to act diligently At PwC, we adhere to the fundamental and in accordance with applicable technical and All member ifrms must also comply with our principles of ethics set out in of the International network standards, which cover a variety professional standards Ethics Standards Board for Accountants (IESBA) of areas related to ethics and compliance, Code of Ethics for Professional Accountants ■ Conifdentiality – to respect the conifdentiality including ethics and business conduct, (“the IESBA Code”), which are: of information acquired as a result of independence, anti-money laundering, anti-
Global Annual Review | PwC Page 74 Page 76