Class notes
Professional Ethics Lecture notes Auditing (AIC22A2)
- Course
- Accounting 200 (AIC22A2)
- Institution
- University Of Johannesburg (UJ)
UNIT 3 Professional Ethics Lecture 1
[Show more]
Seller
Follow
Content preview
Faculty of Economic and Financial SciencesLearning Unit 3.1
Professional Ethics
,Department of Commercial
Accounting
Introduction
•This chapter is all about professional conduct, i.e.
how accounting professionals
(accountants/auditors/tax practitioners/financial
managers) have to conduct themselves.
•Code of Ethics – set of rules/ principles and morals
of conduct that ensure that a professional behaves
professionally (able to distinguish between what is
right and what is wrong while performing his duties)
2
, Department of Commercial
Accounting
• These Codes of Ethics are normally applied and needed when
a professional needs to decide between good and bad on any
given situation.
• In South Africa this Code of Ethics has been laid down by the
International Federation of Accountants (IFAC) and adopted by
the South African Institute of Chartered Accountants (SAICA)
from 30 June 2006 and reviewed on 1 Jan 2011.
• The IFAC (SAICA) Code of Ethics applies to all persons
registered regardless of whether they are in public practice or
business.
• Study page 2/3 – 2/4 for a full background on Code of Ethics.
, Department of Commercial
Accounting
• Class Exercise:
– What items / principles / rules do you think
Accountants and other Finance Professionals
should comply with?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller olebogengprince. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R133,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
69052 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 15 years now