Application of fundamental principles/Lessons to be learned from professional indemnity insurance
|CPD Hours:||Attendance at this seminar will secure 1.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)|
The presentation deals with the practical application of the fundamental principles of the Code of Professional Conduct by means of case studies and recent disciplinary matters. The basic principles of Professional Indemnity (PI) insurance will be explained, as well as the lessons the professional accountant can learn from PI trends to avoid ethical dilemmas.
The aim of this session is to provide practical guidance to accountants to (hopefully) avoid making the same ethical mistakes as others have, and thereby avoid the stress and trauma of litigation and disciplinary hearings. The ethical fundamental principles will be supported by practical experience from disciplinary and PI trends.
Brief recap of the fundamental principles of the Code of Professional Conduct Recent disciplinary matters and the application of the fundamental principles Professional Indemnity (PI) insurance explained, trends explored and guidance given on practice risk management Lessons to be learned from disciplinary and PI trends
Any accountant seeking to learn from the mistakes of others and thereby gain experience in exercising professional judgment through these disciplinary lessons. Accountants seeking to gain an understanding of the need for PI insurance and related risk management for their practices.
Please ensure that you are logged in 15 minutes prior to the start of the session