Where there are rules, they will be broken. This is a universal truth, but while some rules were made to be broken, others were created to protect the best interest of all relevant parties. In this session, we unpack the responsibility in terms of the NOCLAR section in the code of conduct for Professional accountants. The following will be covered during this lesson: • What are the reasons for, and why is it necessary to respond to NOCLAR? • What is a NOCLAR? • Who needs to comply with this section in the code? • Types of laws and regulations and exclusions of the scope • What does it mean for non-compliance to become known? • What should be done when non-compliance is identified or becomes known? o Senior Professional Accountants in business o Other Professional Accountants in business o Professional Accountants in public practice who provides services other than audits • What does it mean to obtain an understanding of the matter? • Who should you discuss the matter with and what should be discussed? • When should you take further action and what should these further actions be? • Should the matter be disclosed to an authorised body? • When are you prohibited from disclosure? • What needs to be documented

Management of a business, accountants, and auditors seeking to know their responsibility when NOCLAR has been identified.