FRC Ethical Standard — Integrity, Objectivity & Independence for Auditors & Accountants
FRC Ethical Standard — Integrity, Objectivity & Independence for Auditors & Accountants — 50% of in-scope requirements covered.
4 requirements · 4 in scope (4 designed). The 50% is weighted over the in-scope base.
Source: The Financial Reporting Council's Ethical Standard sets the ethical requirements for auditors and (through the overarching principles) the broader expectations for professional accountants. It is built on the fundamental principles of integrity, objectivity, independence, professional competence and due care, and confidentiality, supported by a framework of threats (self-interest, self-review, advocacy, familiarity, intimidation) and safeguards. KYE Protocol™ governs whether an AI-generated entry / statement / audit conclusion may PROCEED to a consequential action under a named professional's authority, with the objectivity / independence / competence basis recorded before the action and replay-provable. KYE™ does not perform the professional judgement, resolve the ethical threat, or judge whether the work is correct. · License: The FRC Ethical Standard is issued by the Financial Reporting Council; KYE™ registry cites its principles for mapping purposes only.
By category
| Category | Reqs | Enforced | Designed | Advisory | Deferred | Coverage |
|---|---|---|---|---|---|---|
| Integrity | 1 | 0 | 1 | 0 | 0 | 50% |
| Objectivity & independence | 1 | 0 | 1 | 0 | 0 | 50% |
| Professional competence & due care | 1 | 0 | 1 | 0 | 0 | 50% |
| Threats & safeguards framework | 1 | 0 | 1 | 0 | 0 | 50% |
Every requirement → the KYE™ artefact that enforces it
| ID | Title | Status | KYE™ enforcement |
|---|---|---|---|
frc-ethical-standard.integrity | Integrity: AI-generated entry attributable to a named accountable professional | designed | rule_packs: kye:rule-pack:accounting-governancedictionaries: internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
frc-ethical-standard.objectivity-independence | Objectivity & independence: determination recorded before an AI-generated conclusion proceeds | designed | rule_packs: kye:rule-pack:accounting-governancedictionaries: internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
frc-ethical-standard.professional-competence | Professional competence & due care (§10.35-equivalent): competence determined before the action | designed | rule_packs: kye:rule-pack:accounting-governancedictionaries: internalconstitution_refs: constitution/12-PURPOSE-PERMISSION.md |
frc-ethical-standard.threats-safeguards | Threats & safeguards framework: AI-generated conclusion held advisory pending named sign-off | designed | rule_packs: kye:rule-pack:accounting-governanceconstitution_refs: constitution/36-GOVERNEDUI.md |
Canonical KYE™ surfaces referenced on this page: KYE Protocol™.