LEARNING OUTCOMES

TOPICS TO BE DISCUSSED

Specific OBJECTIVES OF THE TOPICS OR SUBTOPICS

Gain an overview of Part C of the Code – Introduction to Professional Accountants in Business

Introduction of Part C of Code of Ethics for Professional Accountants in Business

Learn the overview the Part C of Code of Ethics for Professional Accountants in Business

Understand the threats to Auditor’s indpendence and its safeguards.

Part C – Examples of Threats to Auditor’s Independence and its Safeguards to eliminate or reduce the threats to acceptable level.

To understand the different example of Threats to Auditor’s Independence such as (1) Self-interest threat, (2) Self-review threat, (3) Advocacy Threat, (4) Intimidation Threat, and (5) Familiarity Threat. To know the safeguards to eliminate or reduce the threats to acceptable level such as (1) Safeguards created by the profession, legislation or regulation and (2) Safeguards in the work environment

Understand Section 310 to 350 of the Code

Section 310 to 350 of the Professional Accountants in Business

Appreciate the different sections of the code and its importance to the accountancy profession such as, Section 310 – Potential Conflicts, Section 320 – Preparation & Reporting of Information, Section 330 – Acting with Sufficient Expertise, Section 340 – Financial Interests and Section 350 –Inducements

Master the facts and principles covered in the lesson

Short Quiz (Multiple Choice)

Gain mastery of the principles and application of what was covered in the module