BOOK-KEEPING ETHICS
CONTENT
- Meaning of TAP
- The Need for TAP
- Attributes of TAP
- Due process
- Problems Created by Lack of TAP and their Solutions
The Meaning of TAP
TAP is an acronym which is well-known in Nigeria. It stands for transparency, accountability and probity. These three summarizes the foundation of book keeping ethics and standards.
Meaning of Transparency
Transparency is defined as the quality of being truthful without a hidden agenda. A bookkeeper should be transparent in carrying out his duties either in keeping valuable records or recording of business transaction.
Meaning of Accountability
Accountability means to be responsible/accountable for any action that takes place. A book-keeper should be ready to explain any point which seems to hidden to the officer involved in book-keeping accountability is very important.
Meaning of Probity
Probity means uprightness and honesty of character. A book-keeper should not falsify entries in any of the records. It helps in effective keeping of records.
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