Ethics Pronouncement (EP) 100 Code of Professional Conduct and Ethics was updated in August 2018 to reflect the changes to the provisions on long association of senior personnel with an audit or assurance client. The provisions deal with familiarity and self-interest threats created when the firm uses the same senior personnel on an audit or assurance engagement over a long period of time. The updated EP 100 is effective from 15 December 2018. ACRA has also issued changes to the ACRA Code relating to long association of personnel with an audit or assurance client on 5 December 2018.
The International Ethics Standards Board for Accountants ( IESBA ) has released a completely rewritten Code of Ethics for Professional Accountants in 2018. The IESBA Code is effective from June 2019, and is applicable for both Accountants in Public Practice and Accountants in Businesses. The IESBA Code has brought together key ethics advances over the past four years.
Case studies will be used to illustrate the ethical threats faced by both Accountants in Public Practice and Accountants in Businesses, and how they may apply the fundamental ethical principles to resolve ethical dilemma in real life.
At the end of this workshop, you will:
Five fundamental principles
Five ethical threats
Key amendments in EP 100
Highlights of the new IESBA Code
Actual cases will be used to illustrate the following:
This workshop qualifies for 7.0 CPE hours in Ethics and Professionalism (Category 2).
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).