The relationship between the accountant and their client is one that is based on utmost trust. This is true for most business relationships but very important in accounting where the relationship involves dealing with people's livelihoods in the form of their money, income and assets.
In order to maintain this trust, every accountant must be a highly ethical individual who follows specific ethical guidelines. To this end, the International Federation of Accountants (IFAC), in collaboration with the International Ethics Standards Board for Accountants (IESBA), has developed a publication series titled Exploring the IESBA Code. The series is intended to promote awareness, adoption and implementation of the International Code of Ethics for Professional Accountants (including International Independence Standards).
Our technical expert, Lettie Janse van Vuuren CA(SA), is presenting a webinar series where she unpacks IFAC's publication series into easy-to-understand pieces with practical examples and a focus on South African requirements.
Learning objectives By the end of this event the attendee will: Understand the need for the accountant to be ethical; Be aware of the International Code of Ethics for Professional Accountants; Be aware of International Independence Stand ards; Understand the five fundamental principles; and Understand how to identify threats. Content The webinar will cover the following topics: Introduction. The accountant and ethics. IFAC and IESBA's publication series. The International Code of Ethics for Professional Accountants. International Independence Standards. The five fundamental principles explained: Integrity. Objectivity. Professional competence and due care. Confidentiality. Professional behaviour. The Conceptual Framework - Identifying threats.
Learning objectives By the end of this webinar the attendee will: Understand key aspects of the Code’s Conceptual Framework; Understand how to evaluate threats; Understand the concept of the reasonable third-party test; and Under stand how to address threats. Content The webinar will cover the following topics: Key aspects of the Code’s Conceptual Framework. Step 2 - Evaluating Threats. Step 3 - Addressing Threats.
Learning objectives By the end of this webinar the attendee will: Understand how to apply the IESBA Code’s Conceptual Framework to independence; Understand requirements of the International Independence Standards; Understand what c onflict of interest is; and Understand how to manage conflicts of interest. Content The webinar will cover the following topics: Applying independence to the Code’s Conceptual Framework. What are the International Independence Standards (IIS)? Independence, integrity and objectivity. Conflicts of interest.
Learning objectives By the end of this webinar the attendee will: Understand what NOCLAR is; Know how to address NOCLAR for Public Accountants in Public Practice; Be aware of how to adopt and implement the International Code of Ethics. Content The webinar will cover the following topics: NOCLAR explained. Acting in the public interest. Responding to NOCLAR for PAPPs.