It is extremely essential for accountants and professionals to maintain a standard of ethical conduct in the workplace as the nature of their work places them in a position of trust. (Senarante, 2011). Accountants have a responsibility to ensure that their duties are carried out in accordance with the five fundamental principles set out in the Code of Professional Ethics such as integrity, objectivity, professional competence and due diligence, confidentiality and professional behavior (Cunningham et al. 2014). Accountants are expected to be reliable and trustworthy. They are therefore expected to act ethically in relation to their customers, employers and the general public in order to provide quality services in the best interests of society (Eginiwin & Dike, 2014). The International Federation of Accountants (IFAC) has established a code of ethics for accountants, allowing each specific country to add its own national ethical standards to the code to reflect cultural differences. The code emphasizes the five fundamental principles and the resolution of ethical conflicts. In Australia, professional accounting bodies such as CPA Australia, Institute of Chartered Accountants in Australia (ICCA) and Institute of Public Accountants (IPA) adopt the Australian Professional and Ethical