IFRS for SMEs (3rd Edition) Series Session 6 - Financial Instruments and Leases
CPD Hours: 2
Price: R450.00
IFRS for SMEs (3rd Edition) Series Session 6 - Financial Instruments and Leases
Presenters : Caryn Maitland CA(SA)
Overview
As the role of accountants continues to evolve, practitioners are increasingly expected to provide guidance far beyond traditional accounting, tax, and financial reporting functions. While this presents incredible opportunities to add value to clients, it also creates significant ethical, legal, professional, and reputational risks when advice is provided outside a practitioner's competence, experience, authority, or agreed scope of work.
Many professional and ethical failures do not arise from dishonesty, but from misplaced confidence, informal "off-the-cuff" advice, advisory creep or a simple desire to be helpful. Understanding where professional competence begins and ends is essential for protecting your clients, maintaining public trust, and safeguarding your professional standing and Professional Indemnity (PI) insurance.
This webinar explores the ethical principle of professional competence and due care. It will help practitioners identify competence boundaries, manage complex advisory risks, and develop practical, defensible approaches for determining when to accept, limit, refer or decline professional engagements. Through practical examples and real-world case studies, attendees will learn how to remain commercially valuable while avoiding the hidden dangers of professional overreach.
Join Caryn Maitland CA(SA) as she examines the ethical and professional risks associated with over-advising, provides practical tools for managing competence boundaries, and equips practitioners to deliver responsible, high-quality professional services.
Learning objectives
Attending this webinar will equip you with the following skills:
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Master the ethical principles of professional competence and due care in advisory engagements.
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Identify the exact competency boundaries across various specialist advisory areas (Trust law, POPIA, labour law, B-BBEE).
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Recognise the ethical, legal, reputational and professional indemnity risks associated with over-advising.
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Apply a practical competence boundary framework in your daily engagements.
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Strengthen scope management through improved engagement letters, scope definitions, documentation trails and referral practices to eliminate liability
Content
The webinar will cover the following topics:
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Introduction: The Modern Accountant as an All-Purpose Advisor
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Ethical Framework and Professional Responsibilities
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Professional competence and due care
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Competence Boundaries in Professional Advisory Work
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The Competence Boundary Test
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Scope Management and Engagement Risk
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Referral, Collaboration and Use of Experts
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Professional Indemnity, Disciplinary and Legal Exposure
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Practical Case Studies
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Practical Tools and Takeaways
