Course Details

Independence is one of the major topics of the Code of Conduct for Professional Accountants and requires several sessions to achieve full coverage.

We have been through quite a number of the many provisions, but there are still a number of them left.

In this session we will be dealing with the remainder of the provisions on fees 

We will cover the following sections in detail as provided for in the latest version of the 2024 Code published by the IESBA. 

The remainder of the fees section and then followed by 

  • Compensation and evaluation policies
  • Gifts and hospitality
  • Financial interests
  • Financial interests – other circumstances
  • Loans and guarantees
  • Business relationships
  • Family and personal relationships

 

Non-compliance with any of the paragraphs of the Code could lead to unpleasant consequences, particularly after an inspection by the professional membership body, or, where applicable by IAASA.

These topics can be complied with relatively easy provide awareness is given and the action taking at the planning stages of an audit and during its conduct is recorded in the working papers in sufficient details. Usually, an effective set of planning documentation will be helpful.


Knowledge on these professional ethics subjects should be part of the overall training of professional accounts and their trainees in order to create awareness, but also to just remind staff and professionals of their obligation in regard to compliance with the Code of Ethics.

Attending this presentation will enable participants in the discussions to be better able to recognise when these aspects of the Code are applicable and follow the provisions of the Code in that regard to achieve effective compliance with the Code. This will enhance the much-desired audit quality.

The presentation is designed to create more awareness of these particular provisions and to highlight areas that were not so well known. In addition, practical examples will be helpful in interpreting the applicability of each of the provisions.

This course is best suited to professional accountants and those that are charged with the training of all staff on an auditing organisation.


Course level: Intermediate



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