First the public, interest is protected and the, credibility of the profession, is enhanced when only those who meet the. Profession 's competence requirements are permitted to be professional accountants. Second IFAC member, bodies and regulatory. Authorities have a responsibility to ensure that professional accountants have the competence expected of them by, the public. Employers and, clients. Third professional accountants, have a continuing duty to maintain professional competence to ensure. That, clients employers and relevant, stakeholders receive competent professional service.1.1.
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