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Ethics Update

Credits:2View Alternative Price Options
Course Code: 2872

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Who should attend

All professional staff at all levels who need a refresher / update on the ethical rules governing the range of work they perform in practice.

May also be useful for new starters and support staff as in introduction to the profession or firm they are joining and the relevant ethical requirements.

Course content

The problem with ethics is that the basic concept is simple, but the rules applying to accountants in practice are often complex. There is the additional issue of the practical application of the rules. Why do we see examples of otherwise respected firms or individuals having breached ethical requirements, even though this wasn’t their intention?
This course will look at both the technical requirements and the practical implementation, including the risks of accidental breach of the requirements.
In particular, the following areas will be considered:

  • Sources of guidance –
    o The IESBA Code of ethics for the professional accountant;
    o The professional bodies’ codes of ethics (based on the IESBA code);
    o The FRC Ethical Standard
  • Fundamental ethical principles
  • Threats and safeguards approach
  • FRC Ethical Standard requirements for audits and public interest assurance engagements and how they affect more than just auditors
  • Provisions for small entities