Practice Update: Ethical Issues for Accountants
Revised and up to date for 2025. Accountants in practice frequently face morally complex situations that leave you questioning the correct action to take. This course explores common ethical grey areas, when to apply professional judgement to your decisions and how your practice can maintain an ethical culture.
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This course will enable you to
- Develop a thorough understanding of the key elements of the ethical codes required by professional bodies.
- Apply the ethical frameworks to help you make good decisions in difficult situations.
- Balance your duty to your client with your duty to society when providing tax advice.
- Build an ethical culture within your practice.
About the course
It's vital that every accountant in practice should be familiar with the principles set down in the various ethical codes of the accountancy bodies. The reputation of a firm may be impacted by our capacity to stay objective, moral, and honest in our work. However, when ethical grey areas do arise, finding the right course of action from these codes isn't always simple.
This course considers such ethical grey areas and provides accountants in practice with the practical, day-to-day approaches they need to avoid making unsafe decisions. You will employ codes of professional conduct to fulfil your role, including when providing advice on taxation matters. You'll gain an understanding of the role of ethics in the workplace and how to establish an ethical culture in your practice.
Look inside
Contents
- Ethics in practice
- Accountants in society
- How frameworks work
- The framework approach
- Sticking to principles
- Ethical codes and accountancy bodies
- Recognising ethical threats
- Types of ethical threat
- The deep end of dependence
- Professional scepticism
- Principles and dilemmas
- Ethical challenges
- The theory of ethics
- Dealing with dilemmas
- Proximity
- Culture clash
- Normalisation of deviance
- Being normalised
- Socialising unethical behaviour
- Tax and ethics
- Professional conduct in relation to taxation
- The role of the tax advisor
- Does tax avoidance exist?
- The law
- The PCRT ethical principles
- The relevant standards
- Helpsheets
- Professional judgement
- Simplicity vs complexity
- NOCLAR provisions
- Creating an ethical culture
- The tone at the top
- The basis of an ethical culture
- The hidden aspects of corporate culture
- Normalisation
- Poor communication
- Building an ethical compliance culture
- Developing an ethical culture
- Compliance risk management
- Policies and procedures
- Ethics and HR
- Maintaining an ethical culture
- Performance appraisals
How it works
Reviews
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 1,500+ unitshourshours | 1,500+ unitshourshours |
Access period | 120 days | 120 days | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more! | ||||
Account manager on hand to support your team’s needs | ||||
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Use ACPD101 for 10% off any purchase.