A significant benefit of having a principles-based approach to ethics (rather than a long list of detailed rules) is that it is easier to evolve and move with the times. Nowhere is this more true than with changing technology, a good example being social media.
Social media lulls us into a false sense of security as we can easily get the impression that we are talking to friends in an informal forum.
This article highlights some of the dangers of using social media by providing practical examples where an accountant could fall foul of the code and shares some words of caution.
This is an extract from the article "Ethics and social media...one false click".
The full article is exclusively available to subscribers of International Accounting, Auditing & Ethics (IAAE).