The Code of Ethics is not to be taken for granted or even put away once we achieve our warrant to practice. It is principle based and therefore not burdensome and we can shape our practice on the extent to which we chose to adopt it in our daily lives. More than managing risk the practitioner mitigates risk at every step and the Code of Ethics facilitates this stance. The Code of Ethics underpins the societal role of the practitioner whether in the reporting, advisory or assurance position. As such it provides us with the opportunity to fulfil our ethical leadership responsibilities with both clients and society at large. Our survival as practitioners depends on the constant application of the Code of Ethics because it offers guidance on how to practise safe in our own interest as well as that of the public. We have survived so far as a profession because most of us choose to pursue the right way, but we have to remain constantly conscious of the reality of the tendency to obviate the Code of Ethics as unnecessary. It is at the base of the major exercise of lending credibility to financial reporting. There is no such privilege without the fundamental principles and structure of threat identification and safeguard application promulgated by the Code of Ethics; and this in the freedom of the conceptual framework which ultimately leaves the choice to us. The Code of Ethics is the epitome of ethical practice at will. This makes us responsible for our own fate as practitioners.