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Ethics for Professional Accountants

Expert Speaker Chee Hay Kheong Daniel

$430.00 (including GST)



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

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

What You Will 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 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. What is public interest?
  2. Conflict between Professional Accountant’s duty to employers and public interest duty
  3. Five fundamental principles
    1. Confidentiality
    2. Integrity
    3. Objectivity
    4. Professional competence and due care
    5. Professional Behaviour
  4. Five ethical threats
    1. Self-interest
    2. Intimidation
    3. Advocacy
    4. Familiarity threat
    5. Self-review
  5. Ethical dilemma – resolution approach
  6. Ethical Threat Situations
    1. Instruction from superior
    2. Breach of Confidentiality
      1. Anti-money laundering requirements
      2. Companies Act requirements
    3. Inducement
      1. Responding to tender
      2. Calling tender
    4. Gifts and hospitality
    5. Second opinion engagement
    6. Auditors as friends
    7. Auditors attending client’s fund raising events

Case studies will be used to illustrate the ethical threats and the application of the fundamental principles to manage the situations relevant to Professional Accountants in Business and Professional Accountants in Public Practice.

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 multi-national corporations, managing their operations in Singapore and Asia.

Daniel is a highly sought-after seminar trainer, and 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).

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