The conceptual framework provides guidance on:

The conceptual framework is designed to provide a structured approach to understanding and addressing the fundamental principles that govern ethical behavior and professional standards in accounting and finance. It specifically outlines the foundational concepts that help professionals identify and navigate threats to compliance and integrity in their practice.

By establishing a set of fundamental principles—such as integrity, objectivity, professional competence, confidentiality, and professional behavior—the framework enables individuals and organizations to assess situations critically. Additionally, it aids in recognizing potential threats that might compromise these principles, thereby guiding professionals in implementing appropriate safeguards.

Mathematical modeling, professional networking, and project management techniques are distinct skills and methodologies that do not fall under the primary purpose of the conceptual framework. These areas involve different focus points and applications, which do not specifically pertain to the ethical guidelines and fundamental principles at the core of accounting practice.