Course Detail(E148 : Ethics Update: Code of Professional Conduct and Ethics for Public Accountants)

UTAP Funding

E148 : Ethics Update: Code of Professional Conduct and Ethics for Public Accountants

3.50 CPE Hours (Category 2)
Classroom

Programme Overview

This course is formerly known as ADT070: Ethics Update: Code of Professional Conduct and Ethics for Public Accountants.

Approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.

NTUC members enjoy course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc. (Terms & Conditions apply)

For eligibility criteria or UTAP claims submission, please refer to the Funding tab.

Programme Objective

On 29 January 2015, The Accounting and Corporate Regulatory Authority (ACRA) issued the revised Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (the ACRA Code). The effective date of the ACRA Code will be 1 July 2015.
 The changes to the code will be discussed in relation to the previous code; which from 1 August 2009, Singapore’s public accountants must adhere to an enhanced Code of Professional Conduct and Ethics (the Code). The enhanced Code is based on the Code of Ethics of the International Federation of Accountants (IFAC), a global benchmark for the international accounting profession.
 

Programme Outline

The ACRA code issued in 2015 will be discussed, together with excerpts to the changes made to the previous Code:
  • What are the changes to the existing codes?
  • What are the new requirements?
  • Five fundamental principles
  • Integrity
  • Objectivity
  • Professional competence and due care
  • Confidentiality
  • Professional behavior
  • Five threats affecting compliance with fundamental principles
  • Self-interest threat
  • Self-review threat
  • Advocacy threat
  • Familiarity threat
  • Intimidation threat
Public accountants are required to apply this conceptual framework to identify threats to compliance with the fundamental principles, to evaluate their significance and, if such threats are other than clearly insignificant to apply safeguards to eliminate them or reduce them to an acceptable level such that compliance with the fundamental principles is not compromised. 
 
How to continue to apply the fundamental principles and safeguards to reduce the ethical threats in the following situation (various aspects of these will be discussed, where applicable):
  • Professional appointment, including client acceptance, engagement acceptance, changes in a professional appointment
  • Conflict of interests
  • Second opinion engagements
  • “Lowball” of fees
  • Contingent fees
  • Referral fee and commission
  • Marketing professional accountancy services
  • Gifts and hospitality
  • Custody of client assets
  • Financial interests
  • Loans and guarantees
  • Close business relationships
  • Family and personal relationships
  • Employment with assurance clients
  • Recent service with assurance clients
  • Serving as office or director
  • Long association with assurance client
  • Provision of other services to assurance clients
  • Fee – relative size
  • Fee – overdue
  • Actual or threatened litigation

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

An Intermediate Level programme intended for Veteran public accountants, New Public Accountants and aspiring Public Accountants 

Competency Mapping

Category 2 = 3.50 Hours

Schedule & Fees

Date & Time

29 May 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

09 Sep 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709

Date & Time

15 Oct 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

03 Jun 2019 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Date & Time

22 Oct 2018 (9:00 AM - 12:30 PM)

Registration is closed

Programme Facilitator(s)

Daniel Chee

Testimonial

Funding

NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members. NTUC member gets to enjoy UTAP funding 50% of the unfunded course fee capped at $250 every year. This excludes miscellaneous fees such as GST and registration fee etc.
 
This course is approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.
 
As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.
 

Eligibility Criteria
To be eligible for UTAP, the following conditions need to be met:

  • Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
  • Course by training provider must be supported under UTAP and training must commence within the supported period and;
  • Unfunded course fee must not be fully sponsored by company or other types of funding;
  • Unfunded course fee must be S$20.00 and above, and;
  • Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
  • UTAP application must be made within 6 months after course ends. 


To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg. Terms and conditions apply.
 
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008.

Programme Facilitator(s)


Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.
 
Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS).
 
Mr Chee was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Programme Overview

This course is formerly known as ADT070: Ethics Update: Code of Professional Conduct and Ethics for Public Accountants.

Approved for UTAP support for intakes conducted between 01 April 2019 – 31 March 2020.

NTUC members enjoy course fee support with up to $250 every year when you enroll for courses supported under UTAP (Union Training Assistance Programme). This excludes miscellaneous fees such as GST and registration fee etc. (Terms & Conditions apply)

For eligibility criteria or UTAP claims submission, please refer to the Funding tab.

Programme Objective

On 29 January 2015, The Accounting and Corporate Regulatory Authority (ACRA) issued the revised Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (the ACRA Code). The effective date of the ACRA Code will be 1 July 2015.
 The changes to the code will be discussed in relation to the previous code; which from 1 August 2009, Singapore’s public accountants must adhere to an enhanced Code of Professional Conduct and Ethics (the Code). The enhanced Code is based on the Code of Ethics of the International Federation of Accountants (IFAC), a global benchmark for the international accounting profession.
 

Programme Outline

The ACRA code issued in 2015 will be discussed, together with excerpts to the changes made to the previous Code:
  • What are the changes to the existing codes?
  • What are the new requirements?
  • Five fundamental principles
  • Integrity
  • Objectivity
  • Professional competence and due care
  • Confidentiality
  • Professional behavior
  • Five threats affecting compliance with fundamental principles
  • Self-interest threat
  • Self-review threat
  • Advocacy threat
  • Familiarity threat
  • Intimidation threat
Public accountants are required to apply this conceptual framework to identify threats to compliance with the fundamental principles, to evaluate their significance and, if such threats are other than clearly insignificant to apply safeguards to eliminate them or reduce them to an acceptable level such that compliance with the fundamental principles is not compromised. 
 
How to continue to apply the fundamental principles and safeguards to reduce the ethical threats in the following situation (various aspects of these will be discussed, where applicable):
  • Professional appointment, including client acceptance, engagement acceptance, changes in a professional appointment
  • Conflict of interests
  • Second opinion engagements
  • “Lowball” of fees
  • Contingent fees
  • Referral fee and commission
  • Marketing professional accountancy services
  • Gifts and hospitality
  • Custody of client assets
  • Financial interests
  • Loans and guarantees
  • Close business relationships
  • Family and personal relationships
  • Employment with assurance clients
  • Recent service with assurance clients
  • Serving as office or director
  • Long association with assurance client
  • Provision of other services to assurance clients
  • Fee – relative size
  • Fee – overdue
  • Actual or threatened litigation

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

An Intermediate Level programme intended for Veteran public accountants, New Public Accountants and aspiring Public Accountants 

Competency Mapping

Category 2 = 3.50 Hours

Programme Facilitator(s)

Daniel Chee
FCPA Singapore

 
Daniel holds an Honours degree in Accountancy from the National University of Singapore and is a Certified Information Systems Auditor (CISA). He has more than 13 years of experience in the accounting profession, having worked for one of the Big 4 accounting firms both in Singapore and in the United Kingdom. He has also more than 5 years of senior management experience with multi-national corporations, managing their operations in Singapore and Asia.
 
Daniel has served as an adjunct Associate Professor in the department of accounting at the National University of Singapore (NUS).
 
Mr Chee was formerly a committee member of both the IT Committee and the Examination Committee of ISCA, and was also a committee member of the Disciplinary Sub-Committee of Accounting and Corporate Regulatory Authority (ACRA).

Upcoming Schedule

Date & Time

29 May 2020 (2:00 PM - 5:30 PM)

Fee (inclusive of GST)

For Members: $ 199.02
For Non-Members: $ 237.54

Programme Facilitator(s)

Daniel Chee

Venue

60 Cecil Street
ISCA House
Singapore 049709