Thursday 11 May 2017


12:00 am


1.5 hours

Session Topic

Ethics code – the forgotten standard?

The responsibilities of a professional accountant (preparer and board member) under APES 110 Code of Ethics for Professional Accountants are often forgotten in the preparation of financial statements despite the code’s mandatory requirements. Auditors must also comply with ASA 102 Compliance with Ethical Requirements when Performing Audits, Reviews and Other Assurance Engagements, which has legal-backing for corporations law audits. This session will:

  • Describe the five fundamental principles, threats and safeguards, conflicts-of-interest rules, governance communication, and management responsibilities
  • Review the audit independence rules, including public-interest entity, documentation, addressing breaches, provision of non-audit services and second-opinion rules, and
  • Address what to do when a client threatens litigation.
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This session is presented by:

Stephen Newman

Executive Counsel

Stephen is a corporate and commercial lawyer who also has considerable litigation experience in all major Courts and Tribunals. Stephen is a team member of ReportFraud. Stephen advises a range of clients and in particular, Accountants and Auditors on issues that relate to corporate and trust entities, businesses and private clients operating in many different industries, both domestic and international. Stephen also has considerable experience in dealing with regulators and conducting the defence of investigative and enforcement action.