Independence - A Vital Requirement of the Code of Ethics (Jun 24)
Category: Law & Regulation and Compliance | Duration: 1hr | Tag: VODIRE2442 | Type: Video | Course Level: Need to Know | Speaker: Ulrich Schackermann | Date: 27/06/2024 11:30
Course Details
Introduction to course
Independence of the professional accountant and the firm as well as any network firm is vital to be confirmed before accepting an appointment and must thereafter be again confirmed before commencing audit or review engagement for a client.
What is covered?
Independence is a rather lengthy section of the Code of Ethics and therefore we will cover the following topics:
- General introduction
- Engagements and audit teams
- Public intertest entities etc
- Requirements and application material.
Outcome
After the course you will be able to deal with the complex issues of what to do when negotiating the on-boarding of a new client, or when you are about to start to provide audit and revie engagement services. The process to be followed has been detailed in close alignment with the Code of Ethics. This will enable you to plan and prepare the necessary action to assure that you and your firm are independent of audit or review engagement client.
Acting with the necessary independence when conducting an audit or a review of a client’s financial statements, is a prerequisite for all professional accountants and with the knowledge conveyed in the presentation you will be able to comply with assessing your independence and using professional judgement be able to comply with the requirements of the Code and acting in the public interest
CPD Course Speaker
Consultus Professional Services
Ulrich Schackermann
Ulrich is a professional accountant with more than 30 years’ experience in the profession and holds additional qualifications in professional ethics.
Since 2005 he has provided support for professional accountants and firms in the field of professional ethics. His experience as a partner in a large international firm provided him with in depth experience in serving clients and the public.
He is a member of the Appeals Panel of CAI. He was a member of the Ethics Committee of the South African Institute of Chartered Accountants (SAICA) and the South African Auditing regulator (IRBA). He was a member of the disciplinary and investigation committees of SAICA and IRBA
Since 2005 he has provided support for professional accountants and firms in the field of professional ethics. His experience as a partner in a large international firm provided him with in depth experience in serving clients and the public.
He is a member of the Appeals Panel of CAI. He was a member of the Ethics Committee of the South African Institute of Chartered Accountants (SAICA) and the South African Auditing regulator (IRBA). He was a member of the disciplinary and investigation committees of SAICA and IRBA