LEARNING OUTCOMES

TOPICS TO BE DISCUSSED

Specific OBJECTIVES OF THE TOPICS OR SUBTOPICS

Learn the Part B of the Code – Introduction to Professional Accountants in Public Practice

Introduction of Part B of Code of Ethics for Professional Accountants in Public Practice

Learn the overview the Part B of Code of Ethics for Professional Accountants in Public Practice

Learn the Part B of the Code – Threats to Auditor’s independence and its safeguards.

Part B – 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

Learn the Part B of the Code –  Section 210 to 291 of the Code

Section 210 to 291 of the Professional Accountants in Public Practice

Appreciate the different sections of the code and its importance to the accountancy profession such as, Section 210 – Professional Appointment, Section 220 – Conflicts of Interests, Section 230 – Second Opinions, Section 240 – Fees and other types of remuneration, Section 250 – Marketing Professional Services, Section 260 – Gifts and Hospitality, Section 270 – Custody of Client Assets, Section 280 – Objectivity – All Services, Section 290 – Independence, Audit and Review Engagement and Section 291 – Independence, Other Assurance Engagements

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