This course explores independence requirements and how to apply the APES 110 conceptual framework to identify, evaluate and address threats to independence.
Description
Independence is crucial to the accounting profession. When performing any engagement, including audits, reviews, or assurance, independence underpins trust and forms the basis of a robust audit regulatory framework.
In this course, you will learn about independence and APES 110 Code of Ethics for Professional Accountants (including Independence Standards), and other relevant standards, codes and legislative requirements.
You will learn how to apply the APES 110 conceptual framework to identify, evaluate and address threats to independence. You will also explore how to conduct an independence assessment and the requirements for communicating and documenting independence.
Key topics
- APES 110 conceptual framework and independence
- Conducting an independence assessment
- Independence communication and documentation requirements
This course consists of one online course, one downloadable PDF learning manual and one online assessment.
Learning objectives
- Analyse the APES 110 conceptual framework and apply it to independence
- Explain how to identify, evaluate and address threats to independence
- Explain the purpose and application of review, communication and documentation of independence requirements