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Auditing & Ethics

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Annual Accounting Professional Ethics Update (Virtual Classroom)

Course Details

Code:4123v
Select a start date for more details
Virtual Classroom
18 Nov 2021
Level
Update
CPD
4 Hours
Time
13:00-17:00
Location
Virtual Classroom
Cost
£395.00
Subject to Online Tax From Web (Read more)
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Introduction

This online course is being delivered live in a single 4 hour session which runs from 13:00 – 17:00 London (UK).

You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the Auditing and Ethics training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.

The International Ethics Standards Board for Accountants (IESBA) concluded a comprehensive project to reassess and revise the application and results of professional ethics by accounting professionals when it published its revised Code of Ethics for Professional Accountants in 2018. This project brought substantial changes to the structure of the code and introduced more robust requirements relating to independence, non-compliance with laws and regulations, long-association, professional scepticism and other crucial application areas.

The IESBA continues to implement its strategic plan, focusing on projects that enhance existing sections of the Code or provide further research, interaction or guidance on other ethical matters of application in the profession and in response to global observations.

This short course is an annual ethics update that is designed to provide accounting professionals with a revision of the existing Code in the form of a refresher on the existing requirements and application of the Code, as well as an update on the completed and current publications and activities of the IESBA, including considerations for their practical application in practice. This update will ensure that accounting practitioners maintain their ethical mindset and will ensure that they are up to date with recent developments in the profession, as required by professional membership bodies and by the fundamental principle of professional competence and due care.

Learning Objectives

At the end of this course participants will be able to:

  • Recall the fundamental principles of the Code
  • Recall of the framework applicable to ethics prescribed by the Code
  • Recall of the Independence Standards
  • Recall the NOCLAR provisions
  • Describe the recently completed projects of the IESBA and their implication for practice and practical implementation
  • Describe the current projects of the IESBA and their envisaged implementation schedules
  • Identify current issues and environmental scanning observations impacting ethical considerations on a global level
  • Apply ethical requirements practically in a professional capacity

Who Should Attend

  • Public practitioners who audit, or play a substantial role in auditing, public company financial statements
  • Audit supervisors and managers at public audit practices

Topics

  • The scope and objective of the IESBA Code
  • The Fundamental Principles of Ethics
  • The Conceptual Framework
  • The Structure of Parts 2 and 3
  • Highlighted principles of Part 2
  • Highlighted principles of Part 3
  • The Independence Standards (Parts 4 A and B and related updates)
  • IESBA’s new completed projects
  • Current IESBA projects
  • Environmental scanning with an impact on ethics in the profession

Teaching Method

  • On-line live group instruction which blends instruction with activities
  • Focus on applying learning to real-world analyses
  • Highly interactive, share insights and knowledge while learning from others

Instructors

The instructor for this course will be drawn from one of our core faculty of subject matter experts. Further details will be published at the earliest opportunity.

Venue

Our seminars take place in 4 star professional conference facilities, generally in city-centre hotels like the Marriott, Sheraton or Hilton brands. Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available. Coffee and lunch will be provided.

CPE/CPD Accreditation

IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

 

Field of study: Accounting

Prerequisites

A reasonable understanding of auditing. No advance preparation is required for this course.