Ethics Update: EP 100 for Accountants

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Description

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Since the introduction of ISCA’s Ethics Pronouncement 100 (EP 100), there has been several rounds of updates and revisions.

The workshop will cover the key principles in the major provisions/updates as they are applicable to both professional accountants in business and professional accountants in public practice, including:

• Conflict of interest
• Preparation and presentation of information
• Acting with sufficient expertise
• Inducement, including gifts and hospitality
• Responding to non-compliance with laws and regulations (NOCLAR)
• Pressure to breach the fundamental principles

Programme Outline

EP 100 (revised on 14 August 2018)

• Changes to the provisions on long association of senior personnel with an audit or assurance client

EP 100 (revised on 11 December 2019)

• Adopt IESBA’s pronouncement of Responding to Non-Compliance with Laws and Regulations (the NOCLAR Pronouncement)

EP 100 (revised on 11 December 2019)

• Clarify that certain financial institutions are not public interest entities (“PIEs”) for purpose of ISCA EP 100. e.g. money changers and representative offices

EP 100 (revised on 28 July 2020)

• Incorporate consequential amendments to the definition of financial institutions due to the implementation of the Payment Services Act 2019
• Changes made to the definition of financial institutions in EP 100

EP 100 (revised on 14 August 2020)

• To adopt the Final Pronouncements relating to the Restructured Code and Revisions to the Code Pertaining to the Offering and Accepting of Inducements issued by IESBA

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

Target Audience

Accountants and Auditors 

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).