– Credibility: there is a need for credibility in information and information systems.
– Professionalism: there is a need for auditors who can be clearly identified by clients, employers, and other interested parties as professional persons in the field of auditing and accounting.
– Quality of Services: there is a need for assurance that all services obtained from auditors and accountants are carried out to the highest standards of performance.
– Confidence: users of the services of auditors and accountants should be able to feel confident that there exists a framework of professional ethics which governs the provision of those services.