Ethics Independence and NOCLAR
This series of seminars will deal with the principles of ethics applicable to accountants, the practical implementation of a workable framework and why it is important for professional accounting organisations to enforce these concepts and revaluate it every year.
Integrity and objectivity are two of the cornerstones of the accountancy profession that should constantly be evaluated considering today's evolving business environment and as corporate and government scandal continue to climb out of the woodwork.
Caryn Maitland CA (SA), will provide case studies drawn from real-life situations involving accountants in business. These real-world examples deal with management integrity, financial reporting and disclosure issues, financial fraud, corporate crises, and the accountant’s professional responsibility towards their client and the general public.
Looking at research on why good people sometimes do bad things and the effect a number-crunching culture can have on one’s view of ethics, he will then deal with how the profession seeks to keep professional accountants off the ethical slippery slope, by re-examining the fundamental principles contained in the accountants’ Code of Professional Conduct. Guidance will be given as to how professional accountants can reinforce their prevention focus to minimise the chance of ethical transgressions.