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Doing the Right Thing: Independence and Ethics

Description

Registration Time: 09.00
Session Time: 09.15 - 12.30 including a 15-minute coffee break 
Speaker: Mr Renzo Farrugia
Venue: Lower Ground, Tower Training Centre, Swatar

 

Participation Fees 
MIA Members: €35.00
Non-MIA Members: €70.00
Retired Members: €15.00
Students: €20.00
 

 

Background Information 

Professional accountants around the world have consistently viewed good ethical behaviour as essential. However, ethical behaviour in business seems to be a moving target. The ethical dilemmas that an average accountant might have faced 100 years ago are not, at first sight at least, the same as those faced by the typical accountant in business today.

The session will focus on the requirements of Directive 2 of the Accountancy Profession Act which is the backbone of ethical conduct in our profession. Indication of the threats to an auditor’s independence and safeguards that can be implemented to reduce these threats to an acceptable level will be explored. Reference to the recently introduced ethical considerations, particularly relevant to those auditing Public Interest Entities include mandatory audit firm rotation requirements, rules regarding non-audit services which the auditor must not provide to EU PIE audit clients, fee cap on permitted non-audit services, amongst others.


Objectives of this session

  • To identify the fundamental ethical principles for the audit profession.
  • To establish prohibitions established by the Code of Ethics.
  • To identify the threats to the auditor’s independence.
  • To establish the safeguards that can be implemented to reduce these independence threats.
  • To identify additional requirements for those auditing Public Interest Entities.

 
Topics on the agenda

  • Structure of the Code of Ethics, Directive 2 of the Accountancy Profession Act.
  • Assessing the auditor’s independence.
  • Determining the safeguards that can be implemented.
  • Additional ethical considerations when auditing Public Interest Entities.

 

Target audience

Statutory auditors, sole practitioners, mid-tier audit firms and students


Speaker’s biography

Renzo Farrugia is a Certified Public Accountant and an external quality control reviewer as recognised by the Accountancy Board of Malta. He graduated from the University of Malta in Accountancy (Hons) and also obtained an MBA from Henley Management College (University of Brunel in the United Kingdom).  Renzo worked with PricewaterhouseCoopers and a number of Government Entities and since then, has held various high profile, management roles within the public sector.  Renzo is also a visiting lecturer at the University of Malta and lectures Advanced Audit and Assurance module of the ACCA qualification.

Audience

Auditors, accountants and lawyers

CPE Hours

3 hours Core

Speaker
Renzo Farrugia
Founder
Compass Malta

27
June 2019

Doing the Right Thing: Independence and Ethics

(M1940)

Organized By: The Malta Institute of Accountants
Type of Event: Seminar

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Date & Time
2019-06-27 09:15:00 2019-06-27 12:30:00 Europe/Malta Doing the Right Thing: Independence and Ethics Professional accountants around the world have consistently viewed good ethical behaviour as essential. However, ethical behaviour in business is a moving target. The ethical dilemmas that an average accountant might have faced 100 years ago are not, at first sight at least, the same as those faced by the typical accountant in business today. In the world of instant communication and big data, the ‘right thing to do’ might not always be immediately apparent – which is why more and more organisations are putting in place an ethical framework . Lower Ground, Tower Training Centre, Swatar, The Malta Institute of Accountants
Thu, 27 June 2019
09:15 - 12:30
Location
Lower Ground, Tower Training Centre, Swatar,
Cancellation Policy

Refer to Terms and conditions.

Terms & Conditions
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