Completed
Date

Thursday 11 May 2017

Time

12:00 am

Duration

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:

Sonya Sinclair

Audit and risk management expert

Sonya is a registered company auditor, registered superannuation auditor and quality-control reviewer, CAANZ. Sonya specialises in risk management, implementation of audit quality through development of audit systems and processes, and interpretation and advice on generally accepted accounting and auditing principles. Sonya has over 15 years’ experience in auditing and financial reporting, bringing a collaborative style and balancing technical aspects with practical recommenations to clients.

 

Stephen Newman

Corporate lawyer

Stephen is a corporate lawyer with extensive litigation experience, particularly in the Supreme Court and the Federal Court as well as with police fraud squads. Stephan has advised clients on fraud and fraud related issues including the design of relevant work policies, the recovery of defrauded assets from fraudsters, the making of insurance policies, and litigation against negligent professional advisers.