Finance & Accounting (F&A) Business Process Outsourcing (BPO)

Back-Office Outsourcing

□ Code of Ethics (2008)

The fundamental principles we are

required to comply with are:

□ Integrity.  Be straight forward and honest

in performing professional services.

□ Objectivity. Be fair and do not allow prejudice, conflict of

interest or influence of others to override objectivity.

□ Independence. Must be and should be seen to be free of

any interest which might be regarded, whatever its actual effect,

as being incompatible with integrity and objectivity.

□ Professional Competence and Due Care. Perform

professional services with due care, competence and diligence.

Recognize the continuing duty to maintain professional knowledge

and skill at a level required to ensure that a Subsidiary-client and its

Parent Company receive the advantage of competent

professional service based on up-to-date developments in

practice, legislation and techniques.

□ Confidentiality. Respect the confidentiality of information

acquired during the course of performing professional services

and do not disclose or use any such information without proper

and specific authority or unless there is a legal or professional

right or duty to disclose.

□ Professional Conduct. (See below).

□ Technical Standards. Carry out professional services in accordance with

 the relevant technical and professional standards. Recognize the duty

to carry out with care and skill, the instructions of the Parent Company

insofar, as they are compatible with the requirements of integrity,

objectivity and, where applicable, independence.

□ Exercise diligence, objectivity and honesty in your professional activities.

□ Act in a manner consistent with the good reputation of the

profession

and refrain from any conduct that might bring discredit to the profession.

□ Transmit or use confidential information obtained in our professional work

only for the purpose intended, and not for personal gain or

other advantage or to the disadvantage of others.

□ F&A Outsourcing is often involved in the preparation and reporting

 of information that may either be made public or used by others

inside or outside the client's organisation. Such information may

include financial or management information, for example, forecasts

and budgets, financial statements, management discussion

and analysis, and the management letter of representation

provided to the auditors as part of an audit of financial

statements. Our Practice should prepare or present

such information fairly, honestly and in accordance

with relevant professional standards so that the

information will be understood in its context.

□ As an Outsourcing firm who has responsibility for the preparation of

the general purpose financial statements of an organisation,

we should ensure that those financial statements are

presented in accordance with the applicable

financial reporting standards.

□ As a F&A BPO firm, we should maintain information for which

we are responsible in a manner that: (i) Describes clearly the

true nature of business transactions, assets or liabilities;

(ii) Classifies and records information in a timely

and proper manner; and (iii) Represents

the facts accurately and completely

in all material respects.

□ Threats to compliance with the fundamental principles, for example

self-interest or intimidation threats to objectivity or professional

competence and due care, may be created where a  professional

at our firm may be pressured (either externally  or by the

possibility of personal gain) to become associated

with misleading information or to become associated

with misleading information through the actions

of others.

□ The significance of such threats will depend on factors such

as the source of the pressure and the degree to which the

information is, or may be, misleading. The significance

of the threats should be evaluated and, if they are

other than clearly insignificant, safeguards should

be considered and applied as necessary to eliminate

them or reduce them to an acceptable level.

□ Where it is not possible to reduce the threat to an acceptable level,

our firm  should refuse to remain associated with information we

might consider is or may be misleading. Should our firm be

aware that the issuance of misleading information is

either significant or persistent, we will cancel

our professional relationship.