WelcomeProfessional Standards and Ethics                   February 2013                         Topic  Date
DisclaimerThis document contains information in summary form and is therefore intended forgeneral guidance only. It is not...
Your Presenter – Matthew Green CA     •   Over 15 years accounting and auditing experience     •   Prepared financial stat...
What is Professionalism?                             Self                           Regulation                     Client ...
Where do our Professional & Ethical Standards come from?   Rules of the Institute of Chartered Accountants in Australia (...
What are the Professional & Ethical Standards?Fundamental principles from        APES 110 Code of Ethics for Professional ...
Integrity“To be straightforward and honest in all professional and business relationships”                                ...
Objectivity“To not allow bias, conflict of interest or undue influence of others to overrideprofessional or business judge...
Professional Competence and Due Care“To maintain professional knowledge and skill at the level required to ensure thata cl...
Confidentiality“To respect the confidentiality of information acquired as a result of professionaland business relationshi...
Professional Behaviour“To comply with relevant laws and regulations and avoid any action thatdiscredits the profession.”  ...
A tip for problem solving . . .IssueLaw (or standards/framework)ApplyConclude                                  Professiona...
Some general tips   Build deep relationships   Don’t do anything but the very best work   Know your job   Build trust...
About Hanrick CurranOur client base is mainly located in South EastQueensland, but also extends to Northern New SouthWales...
Thank you.                Topic  Datewww.hanrickcurran.com.au
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Professional standards and ethics - graduate presentation - Feb 2013

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Short (30 min) presentation to our (@hanrickcurran) graduate intake regarding professional standards for accountants, spcifically the key principles in APES 110 / IFAC Code of Ethics for Professional Accountants

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Professional standards and ethics - graduate presentation - Feb 2013

  1. 1. WelcomeProfessional Standards and Ethics February 2013 Topic Date
  2. 2. DisclaimerThis document contains information in summary form and is therefore intended forgeneral guidance only. It is not intended to be a substitute for detailed research or theexercise of professional judgement. It does not purport to be comprehensive or torender professional advice. The reader should not act on the basis of any mattercontained in this publication without first obtaining specific professional advice.We believe that the statements made by us in this document are accurate but nowarranty of accuracy or reliability is given. Our conclusions are based on interpretationsof accounting standards and other relevant professional pronouncements and legislationcurrent as at the date of this document. Should the interpretations, accountingstandards, other relevant professional pronouncements or legislation change, ourconclusions may not be valid. We are under no obligation to update the mattersconsidered in this document after its publication.© Hanrick Curran, February 2013All rights reserved Liability limited by a scheme approved under professional Standards Legislation
  3. 3. Your Presenter – Matthew Green CA • Over 15 years accounting and auditing experience • Prepared financial statements for ASX listed companies • Registered Company AuditorContact details: matthew.green@hanrickcurran.com.au (+61)(0) 447 724 595 (+61)(0) 7 3218 3900 Twitter: @matthewjgreenca LinkedIn: http://au.linkedin.com/in/matthewjgreenca Financial Statements & Accounting Standards Update
  4. 4. What is Professionalism? Self Regulation Client Body of Focus Theory Professional & Ethical Standards Feb 2013
  5. 5. Where do our Professional & Ethical Standards come from? Rules of the Institute of Chartered Accountants in Australia (ICAA) Accounting Professional & Ethical Standards Board (APESB) Corporations Act 2001 + related Acts Taxation Acts Professional & Ethical Standards Feb 2013
  6. 6. What are the Professional & Ethical Standards?Fundamental principles from APES 110 Code of Ethics for Professional Accountants Integrity Objectivity Professional Competence and Due Care Confidentiality Professional Behaviour Professional & Ethical Standards Feb 2013
  7. 7. Integrity“To be straightforward and honest in all professional and business relationships” Professional & Ethical Standards Feb 2013
  8. 8. Objectivity“To not allow bias, conflict of interest or undue influence of others to overrideprofessional or business judgements.” Professional & Ethical Standards Feb 2013
  9. 9. Professional Competence and Due Care“To maintain professional knowledge and skill at the level required to ensure thata client or employer receives competent professional services based on currentdevelopments in practice, legislation and techniques and act diligently and inaccordance with applicable technical and professional standards.” Professional & Ethical Standards Feb 2013
  10. 10. Confidentiality“To respect the confidentiality of information acquired as a result of professionaland business relationships and, therefore, not disclose any such information tothird parties without proper and specific authority, unless there is a legal orprofessional right or duty to disclose, nor use the information for personaladvantage of the member or third parties.” Professional & Ethical Standards Feb 2013
  11. 11. Professional Behaviour“To comply with relevant laws and regulations and avoid any action thatdiscredits the profession.” Professional & Ethical Standards Feb 2013
  12. 12. A tip for problem solving . . .IssueLaw (or standards/framework)ApplyConclude Professional & Ethical Standards Feb 2013
  13. 13. Some general tips Build deep relationships Don’t do anything but the very best work Know your job Build trust Learn your clients business Look after your boss Meet deadlines Professional & Ethical Standards Feb 2013
  14. 14. About Hanrick CurranOur client base is mainly located in South EastQueensland, but also extends to Northern New SouthWales, Western Queensland, Sydney, Melbourne,Darwin, Townsville and Mackay as well as other regionalareas.We have a strong position with clients in Papua NewGuinea and we also serve a growing Asian businesssector. While these international connections may notbe of immediate interest but we believe they areimportant in enabling us to effectively serve our clients. Hanrick Curran’s Client Base
  15. 15. Thank you. Topic Datewww.hanrickcurran.com.au

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