Disciplinary Rules & Professional Code of Ethics

All the Forensic Accountants/Forensic Auditors (FAs) have a life time relationship with The Institute of Forensic Accountants of Pakistan (IFAP). They will be proud members of s growing profession, network nationally and internationally. On their part, the Forensic Accountants/Forensic Auditors (FAs) are committed to uphold the highest standards of professional ethics in pursuit of their professional activities. Ethics first, business next is the motto of theForensic Accountants/Forensic Auditors (FAs). What develops between the Forensic Accountants/Forensic Auditors (FAs) and The Institute of Forensic Accountants of Pakistan (IFAP) is a life time relationship which is meaningful and valuable.

All members of The Institute of Forensic Accountants of Pakistan (IFAP) are required to adhere to the Code of Ethics and Standards of Professional Conduct as may be prescribed by the IFAP from time to time. Every Forensic Accountant/Forensic Auditor (FA) is provided with the Code of Ethics and the Standards of Professional Conduct. He/she is required to sign an Undertaking/Declaration Statement indicating that he/she would abide the Code of Ethics and Standards of Professional Conduct prescribed by the IFAP. The Code of Ethics adopted by the IFAP are given below:-


A member of IFAP shall conduct himself/herself with integrity and dignity in his/her dealings with the public clients, customers, employers, employees, professionals and fellow Forensic Accountants/Forensic Auditors (FAs). He/she shall maintain high standard of personal conduct.

Ethical Behaviour

A member of IFAP shall conduct himself and shall encourage others to practice Forensic Accounting/Forensic Auditing profession in a professional and ethical manner that will reflect credit on himself/herself and his/her profession and his/her organization/employer where or for whom he/she is working. He/she shall maintain confidentiality of information, acquired under trust in the course of professional work.

Professional Competence

A member of IFAP shall act with competence and shall strive to maintain and improve his/her competence and that of others in the profession. A member in practice or a member employed solely on the basis of his qualification as Forensic Accountant/Forensic Auditor (FA) shall accept only those assignments which he/she is qualified to undertake and will be able to satisfactorily carry out. The members already in employment before qualifying asForensic Accountants/Forensic Auditors (FAs) or employed on the basis of their qualifications in other fields must try to uphold the dignity of the profession by accepting the assignments on merit.


A member of IFAP shall be fair in his/her dealings and must not be biased or prejudiced. He/she shall try to maintain objectivity and impartiality towards one and all.

Professional Independence

A member of IFAP shall use proper care and exercise independent professional judgment in all his/her professional activities.

Public Trust

A member of IFAP shall assume the basic responsibility to place the interest of clients, prospective clients and employers ahead of his/her own. He/she shall seek to enhance public confidence in his/her profession. IFAP has put in place a suitable mechanism to enforce the Code of Ethics and Standards of Professional Conduct.