Compulsary CPD course for SAIBA members

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On June 15 SAIBA, in collaboration with the SA Accounting Academy, offers a compulsory Ethics CPD webinar for the following designations: BA(SA), CBA(SA), CFO(SA) and BAP(SA).

SAIBA says by 15 July 2017 all accountants, whether in business or in practice will have to report any client activity contrary to a law or regulation. This comes in the wake of recent media reports of state and corporate capture.

Updates to the conduct and ethical rules seek to provide guidance on when and how accountants should report contraventions within the prevailing legal framework including the client’s right to privacy and POPI.

“These changes will affect accountants and it is important to be up to date with the nature and scope of the requirements, as well as their application,” says SAIBA.

The course content, presented by Lynette Badenhorst, CA(SA) and managing director at ProBeta encompasses case studies; applying the business accountant’s code of conduct in practice; updates to the codes; practical advice on how to implement NOCLAR (Non-Compliance with Laws and Regulations) in your firm or company; and solving ethical dilemmas.

Badenhorst will deal with general principles of ethics, and why it is important to reinforce these concepts for professional accountants every year. The presentation will look at the Enron / Arthur Andersen and Fidentia cases as the reason why we should not underestimate the importance of ethical conduct by professional accountants. Looking at some recent research on why good people sometimes do bad things and the effect a number-crunching culture can have on one view of ethics, the presentation will then deal with how the profession seeks to keep professional accountants off the ethical slippery slope, by re-examining the fundamental principles contained in the accountants Code of Professional Conduct. Guidance will be given as to how professional accountants can reinforce their prevention focus to minimise the chance of ethical transgressions.

The aim of this session is to provide a refresher to all professional accountants on the importance of ethical behaviour as well as to provide some guidance on how to deal with ethical issues. The professional accountant should be able to identify ethical dilemmas and threats, and be able to apply appropriate safeguards to reduce these threats or eliminate them completely.

Guidance will be given on how professional accountants can reinforce their prevention focus to minimise ethical transgressions, by looking at the practical application of the fundamental principles of the Code of Professional Conduct by means of case studies and recent disciplinary matters.

This course will also focus on the new sections 225 and 360 of the Code setting out the professional accountant’s responsibilities when encountering or becoming aware of any non-compliance with laws and regulations (NOCLAR), and provide guidance in assessing the implications of the matter and the possible courses of action when responding to it.

The new NOCLAR requirements will affect all professional accountants in public practice as well as accountants carrying out professional activities for an employing organisation.

It is therefore important to be up to date with the nature and scope of the requirements of the new sections as well as its application, says SAIBA.

For more information and to register, click here.