Overview

A distinguishing mark of the accountancy profession is its acceptance of the responsibility to act in the public interest. Therefore, an Accountant’s responsibility is not exclusively to satisfy the needs of an individual client or employer. In acting in the public interest, an Accountant should observe and comply with the ethical requirements of the Code of Ethics and Conduct (The Code).

Accountants might encounter situations that present ethical dilemma. Different Accountants have different personal conviction to ethical values. The Code provides guidance so that Accountants can apply a more consistent approach to resolving ethical dilemma.

What you’ll learn

At the end of this workshop, you will:

• Have a better understanding of the ethical requirements of the Code of Ethics and Conduct (The Code).
• Learn how to apply the ethical guidelines so that you are more consistent in your approach to resolving ethical dilemma.
• Understand the ethical threat situations in real life and know how best to manage them

Programme Outline

1.Five fundamental principles

a.Confidentiality

b.Integrity

c.Objectivity

d.Professional competence and due care

e.Professional Behaviour

2.Five ethical threats

a.Self-interest

b.Intimidation

c.Advocacy

d.Familiarity threat

e.Self-review

3.IESBA’s NOCLAR Pronouncement and its impact on auditors

4.EP 100.220 – Conflict of Interest

5.Conflict of Interest affecting Accountants in Business

6.Ethical threat arising from large fee clients

7.Providing forensic services to audit clients

8.Financial Interest in Audit Clients

9.Professional competence and due care

10.Close relationship with audit clients

11.Custody of clients’ assets

Case studies will be used to illustrate the ethical threats and the application of the fundamental principles in the above situations.

This workshop qualifies for 7.0 CPE hours in Ethics and Professionalism (Category 2).

Expert Speaker

Chee Hay Kheong Daniel

Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with MNCs, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer, and is currently an Adjunct Professor in the School of Business, Singapore University of Social Sciences. Prior to this, he was an Adjunct Associate Professor in the Department of Accounting of the NUS Business School. He served as a committee member of both the IT Committee and the Examination Committee of ISCA, and was a Committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).