What is professional ethics Your role Your role

What is professional ethics?

Your role

Your role Preparing financial information Preparing non-financial information Reporting financial information Provide financial management Reporting non- financial information Encourage ethics based culture Responsible legitimate aims Provide advise

Code of ethics for Professional Accountant

What are the fundamental principles regard code of ethics?

What kind of threat could you expect?

What kind of threat could you expect? Significant or not?

How to safeguard?

How to safeguard? 1) Professional, legislation or regulation 2) Work Environment 3) Individual

Engagement acceptance or decline the engagement? The applied safeguards Able to reduce to an acceptable level? Unable to reduce to an acceptable level?

Accountant in public practice -Self interest threat -Self review threat -Advocacy threat -Familiarity threat -Intimidation threat -Conflict threat

Professional Accountant in business -Self interest threat -Self review threat -Advocacy threat -Familiarity threat -Intimidation threat

Accountant in public practice -Independence –examples -Confidentially-duty of confidence but exceptions -Conflict of interest -Client acceptance -Changes on professional appointment

Professional Accountant in business -Potential conflicts -Preparation of information -Sufficient expertise -Financial interest -Inducement

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Professional Accountant in Business Situation : professional accountant employed in executive or non-executive role such as -Partner -Director -Owner -employee

Accountant in public practice Professional accountant in a firm that provides professional services