Which value is part of the principles outlined in the ICAEW Code of Ethics?

The principles outlined in the ICAEW Code of Ethics emphasize fundamental values that guide the professional conduct of accountants, one of which is confidentiality. Confidentiality refers to the responsibility of professionals to safeguard the information obtained during the course of their work and not to disclose it without appropriate authority or unless there is a legal or professional duty to do so. This principle is crucial in maintaining trust between clients and professionals, ensuring that sensitive information remains protected.

The other choices involve business strategies or objectives, which do not align with the ethical principles laid out in the ICAEW Code. Maximizing shareholder value, creating competitive advantages, and increasing market share relate more to business performance and strategy rather than the ethical standards and conduct expected of professionals in accounting and finance. Thus, confidentiality stands out as a key ethical value, underscoring the importance of trust and integrity in professional relationships.