This essay will discuss the following main statement; the adoption of a new proposed Code of Ethics, based on the International Federation of Accountants code, will ensure that New Zealand Chartered Accountants meet their ethical responsibilities. Within this essay a negative position will be taken towards the previous statement. The International Federation of Accountants (IFAC) states that professional standards and code of ethics are important parameters that should be met by practicing accountants. Accountants should understand and apply them when carrying out any type of work (Pickett 2005). The New Zealand Institute of Charted Accountants (NZICA) is a member of IFAC, as part of its member obligations NZICA must apply the same standards as IFAC (nzica). This is how the above statement comes across, as IFAC has recently undergone a major code review in the area of ​​independence. (nzica). This essay will address several issues and concerns about adopting a new code of ethics and how this change will actually affect society. Such points are; personal moral judgment, ethical education is a factor of ethical responsibilities and types of application and unclear points of the Code of Ethics. “Good ethics, whether at work or at home, requires self-knowledge, while some groups want to see ethics as a skill or a particular part of organizational transformation, practicing good ethics is ultimately up to you and by the way you make decisions.”(6) Moral judgment is unique to each individual, adjustments to the NZICA Code of Ethics will not provide a higher rate of success in ethical decisions by professional accountants, as stated in some studies. .Such studies demonstrate that moral judgment is not affected ju.... .. half of the document ......de of Ethics show that the problem is much broader than few overlook the previous code New Zealand chartered accountants act ethically, bigger changes are needed. Ultimately, this essay has discussed the reason for this statement; The adoption of a proposed new Code of Ethics, based on the International Federation of Accountants' code, will ensure that New Zealand Chartered Accountants New Zealanders respect their ethical responsibilities, it is not essentially right. Throughout the essay, with the help of journal articles, books, and other resources, a point of agreement has been reached that the previous statement is incorrect. Three different points emerged, personal moral judgment, ethical education as a factor of ethical responsibilities and unclear methods of application and points of the Code of Ethics to demonstrate that the previous statement was incorrect.