This one-day seminar will provide an accountant/auditor ethics expert’s overview and insights into the substantially revised IESBA Code effective June 2019 to accountants and auditors, both employed in accountancy/audit firms and in business/industry. It is an early opportunity for them to get acquainted with the biggest change in their professional ethics in decades, impacting their work in the most direct and far reaching way – not least in the critical, controversial area of their responsibility for reporting illegalities to outsiders. Excellent value for money- an opportunity not to be missed!
This seminar will introduce participants to the revised & restructured IESBA code in a logical and structured manner, so as to impart a good understanding of the content, impact and relative importance of the changes, and enable participants to see how their professional work will be affected and how they will in practice apply the new requirements, so as to reduce sufficiently the risk – to themselves and their firms/employers – of breaches. The changes will be listed and ranked by practical importance, being analysed and illustrated by practical examples drawn from the presenter’s rich experience. Particular focus will be placed on the most drastic element of the revision: the NOCLAR provisions, for detected (actual or suspected) non-compliance with laws & regulations.
The history and background of this far-reaching change will be presented. Including the most controversial and contested aspects, in particular of the NOCLAR standards.
The important distinction between accountants in public practice (accounting/audit firms) and business will be observed throughout.
Accountants and auditors.