Ethics

The exploring the IESBA code series, developed by IFAC in collaboration with the international ethics standards board for accountants (IESBA), is intended to promote awareness, adoption and implementation of the international code of ethics for professional accountants (including international independence standards).

The twelve-instalment publication series was launched in 2019 and highlights important topics in the code. Each instalment focuses on a specific aspect of the code using real-world situations in a manner that is relatable and practical. Instalments include useful links to access relevant resources, including content in the IESBA code.

Finance professionals have to be able to recognise ethical threats to their organisation. This pack looks at some of the different kinds of threats that could affect your business or organisation, and how the right corporate governance can support you in making the right decisions for your business.  

By completing this pack, you will gain a better understanding of: 

• how to use ethics to make the right decision
  
• some of the different regulations that organisations need to abide by
• GDPR.

The IAASB describe adopting and applying a sceptical mindset as the personal and professional responsibility of every professional accountant. Auditors are required to plan and perform an audit with professional scepticism, recognising that circumstances may exist that cause the financial statements to be materially misstated. But how can auditors be confident when challenging management and be sure that they can justify their assumptions and opinions.

This course provides guidance on developing an attitude of professional scepticism and includes numerous examples which demonstrate the significance of judgement in financial accounting. You will develop a sceptical mindset and identify the common areas of accounting and financial reporting that will require you to use it. You'll also discover the important role that being sceptical can have on detecting and responding to fraud and other financial irregularities.