Where does it come from and why is it so difficult to apply?
The Code was first published on 2005 and judging from the recent survey conducted by CAI and CPA and reported on in the Ethics Research Report, it still requires more attention to achieve compliance so that trust in the accounting profession is improved and that professional accountant achieve a wider acceptance of their obligation to act in the public’s interest. The important of ethics to the profession is recognised but is ‘generally seen as airy-fairy desire of professional bodies and often ignored/bent in commercial reality.”
- The code in context of development in the profession
- What are moral values and the ‘value’ of values as used in the Code
- How the Code of Ethics fits into a professional services firm
- What are the benefits for a professional accountant and professional services firms in complying with the requirements?
- Some of the relevant provision of the Code
- What is the right thing to do?
CPD Course Facilitator
Uli Schäckermann supports accounting firms in the effort to chive reasonable compliance with the Code of Ethics with the aim of enhancing audit quality and risk reduction in an environment where the public demands compliance with regulatory requirements. Besides avoiding severe regulatory penalties such actions build the trust so necessary for long term professional success.
Charity organisations often require support to achieve compliance with regulations and to generate the trust that is needed to raise funds from the public which support their charitable activities. Uli’s experience in this sector covers social institutions that care for the aged or educational institutions that care for the young to achieve their educational potential or commercial institutions like chambers of commerce.
In all these activities Uli can employ the experience of over thirty years in auditing at family-owned business and listed entities.
This is a basis for a wide raging discussion on professional ethics as these affect the individual professional account. This is supported by several practical examples of the application of the code.