The course will address the following: • Linking the importance of personal and business ethics to that of professional ethics, including the various difficulties that may be associated with these elements of ethics. • All the relevant requirements from the IESBA Code of Ethics applicable to Auditors, including: o A practical approach to capture the essence of the principles on which our professional ethics is founded, the framework that enables us to apply it, and the process of identifying and addressing threats to ethical principles. o Specific coverage on each of the threat indicators from Parts 3 and 4 of the IESBA Code of Ethics, as well as elements incorporated from other relevant Codes of Ethics, and how to address them. o The expectations placed upon the professional accountant in response to NOCLAR. o An overview of the ISQM 1 and 2 requirements on ethics and independence as part of the firm's quality control process. o Brief coverage of the considerations from the Code for auditors when also rendering non-assurance services. • A practical discussion of the most common areas prone to unethical behavior in practice and how to caution against rationalizations and justifications. • An overview of the impact of technology and the digital environment on the accounting professional, and how members are to adapt their ethical approach in light of constant change. This session excludes the elements from Part 2 of the Code, for members rendering non-assurance services in business. For a full session on ethics for such members, please refer to the separate session that is available.