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Presenter

Dave Norris

About Dave
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What's Included

  • Expert Knowledge from an Industry-Leading Speaker
  • Verifiable CPD hours
  • CPD Tracking and Certificate
  • Live Webinar (if a future date is listed) with Q&A
  • The Recording of the Event
  • Supporting Materials

Objectives

The course will refresh delegates on the ethical framework that underpins ICAEW and ACCA members’ requirements. Then using these principles and practical examples, assist individuals in reflecting on various situations and consider the appropriate response.

For ICAEW members, the course will meet the requirement for at least 1 hour of Ethics CPD a year.

Key topics

The course will cover the following points, using practical examples throughout:

INTRODUCTION

  • Background
  • ICAEW
  • ACCA
  • CIOT / ATT
  • ICAS
  • The meaning of ethics

UNDERLYING ETHICAL FRAMEWORK

  • ICAEW members’ duty to report
  • Source of ethical principles and rules
  • IESBA Code
  • ICAEW
  • ACCA

THE FUNDAMENTAL ETHICAL PRINCIPLES

  • The five principles
  • Integrity
  • Objectivity
  • Professional competence and due care
  • Confidentiality
  • Professional behaviour

THREATS AND SAFEGUARDS

  • Overview
  • Threats
  • Self-interest
  • Self-review
  • Advocacy threats
  • Familiarity threats
  • Intimidation threats
  • Safeguards
  • Firm-wide safeguards
  • Engagement-specific safeguards
  • Do safeguards always work?

ICAEW CODE: PROFESSIONAL ACCOUNTANTS IN PUBLIC PRACTICE

  • Introduction
  • Typical threats facing professional accountants in practice
  • Self-interest Threats
  • Self-review Threats
  • Advocacy Threats
  • Familiarity Threats
  • Intimidation Threats
  • Application to specific scenarios
  • Conflicts of interest
  • Professional appointments
  • Second opinions
  • Fees and other types of remuneration
  • Inducements, including gifts and hospitality
  • Custody of client assets
  • Responding to NOCLARs

CONFLICTS OF INTEREST AND WHISTLEBLOWING

  • Conflicts of interest
  • Whistleblowing

PROFESSIONAL CONDUCT IN RELATION TO TAXATION (PCRT)

  • What is PCRT?
  • Tax planning and tax avoidance
  • Updated PCRT effective from 1 March 2019
  • PCRT and MTD
  • Responsibilities
  • Guidance on R&D tax credit services
  • Responsibility

THE MARCH OF THE ROBOTS: ARTIFICIAL INTELLIGENCE AND PCRT

  • Using AI to answer client queries and/or process tax work
  • Dealing with clients who may utilise generative AI in the production of their accounting records and tax documentation
  • Working with software or tools that incorporate AI

CPD RULES – ICAEW

  • Key points
  • Detailed rules
  • Requirements per category (for those in practice)
  • Which category am I in?
  • What is verifiable CPD?
  • The end of Reflect / Act / Impact / Declare (RAID)?
  • ICAEW monitoring of CPD
  • Reporting and Record Keeping
  • Other professional bodies’ CPD rules


Who should attend

The course is relevant to everyone working in general practice.