Facing a highly competitive operating environment and drastic changes in business models, entity's management is facing an enormous pressure from owners for better returns in shorter time frame. This leads to motivation for management to conduct irregular or even fraudulent accounting treatments in order to satisfy demands from shareholders/owners and also at the same time to pursue the management team's own interest.
Most professional accountants is either engaged in business or public practice and is required to comply with ethical principles as stipulated in Code of Ethics for Professional Accountants ("COE"). Failure to do so results in disciplinary actions and even the loss of professional designation.
This workshop intends to provide you with a better understanding of the fundamental ethical principles and threats that prevent proper compliance with these principles. The speaker will also elaborate the importance of public practitioners’ independence status and discuss typical scenarios of these threats as well as feasible safeguards to tackle it.
Key topics covered:
Clarence Choi is a professional accountant and member of three renowned professional accountancy bodies. He has over 15 years experience in external and internal audit plus over 12 years teaching experience in auditing and accounting related subjects. Over the past years, he routinely conducted various lectures in HKU SPACE, including bachelor degree program. He has previously lectured the subject Advanced Audit and Assurance in revision program course of CPA Australia launched through HKU SPACE. He serves as speaker for CPA Australia's CPD event on several sessions of Audit Essentials. He is also a technical consultant of a long established local CPA firm.
This workshop is suitable for professional accountants who wants to refresh their knowledge in upholding ethical principles and anyone who wants to know how accountants must perform in order to earn public confidence.