Write a 35-40 PPT report on "Governance and Ethics"
The focus of this chapter is APES 110 'The Code of Ethics for Professional Accountants'. We point out to students that any professional organisation must indicate to its members what acceptable behaviour is and must also demonstrate to the public that it is willing to monitor the actions of its members.
- The three accounting bodies have ethical rules.
- Ethical principles and skills in ethical decision making are an important requirement for auditors.
- To be, and to be seen to be, independent is at the centre of the ethical rules of the auditing profession.
- Auditor independence has been strengthened through amendments to the Corporations Act 2001 and the revision of ethical rules APES 110.
- The accounting bodies and regulators have strongly supported the push for better corporate governance, including establishment of audit committees.
Your PPT Must include following Slides.
- Title
- Learning objectives
- Professional ethics and ethical theory
- Ethical codes and disciplinary rules
- Purpose of the code of ethics
- Ethical theory
- Virtues of an auditor
- Figure 3.2 Fundamental principles
- Ethical decision models
- American Accounting Association Model
- Auditor independence
- Legislative requirements: Corporations Act 2001
- Legislative requirements: Corporations Act 2001 (continued)
- Independence: Corporations Act 2001
- Auditors' appointment
- Auditors' removal and resignation
- Right of access to records and reasonable fees
- Independence: ethical requirements
- APES 110, s 200: Safeguards
- Quality control requirements for independence
- Figure 3.3 APES 110, s 200: Threats to independence
- Major threats to auditor independence
- Major threats to auditor independence (continued)
- Rotation of audit firms
- Fee determination
- Corporate governance
- Independent director
- Corporate Governance-OECD
- The UK Cadbury Report
- Corporate Governance-Australia
- Groups in Australia advocating improved corporate governance
- Improved corporate governance - AICD
- ASX Corporate Governance Council's Principles of Good Corporate Governance
- Audit committees
- Effective audit committees
- Summary
Please Prepare 35-40 Power Point Slides including all above Title headings...