Session 1

• Emphasize that ethics is not theoretical — it’s a daily practice that protects public trust.
• Why ethics in auditing matters: investor confidence, reputational risk, and legal implications.

Session 2: Core Ethical Principles & Conceptual Framework Refresher

• Key Principles (Part 1 of Code): Integrity, Objectivity, Professional Competence & Due Care, Confidentiality, Professional Behavior.
• Conceptual Framework: Identify, evaluate, and address threats
• Practical Case Studies:

• Scenario 1:
• Scenario 2:
• Scenario 3:

• Interactive Exercise:

Session 3: Independence & Public Interest Entities (PIEs)

• Updates in 2024 Code:

• Revisions to definitions of listed entities and PIEs.
• New definitions of “audit client” and “group audit client.”

• Practical Application:
• Activity:

Session 4: Technology & Digital Ethics in Auditing

• Key Code Changes:

• Technology-related amendments (AI, data analytics, cloud systems).

• Practical Risks:

• Over-reliance on AI-generated evidence.
• Data confidentiality breaches when using third-party platforms.
• Algorithmic bias affecting audit judgment.

• Discussion:
• Exercise:
  

Session 5: Case Study – Real World Failures

• South African Context: Steinhoff, Tongaat Hulett, African Bank.
• Focus: How ethical blind spots contributed to audit failures.
• Exercise:

Session 6: Looking at the proposed changes in terms of the IRBA Code of Professional Conduct for Registered Auditors with South African Enhancements to the Ethics and Independence Standards for Sustainability Assurance (Proposed Revised IRBA Code) now open for comments.

Session 7: Wrap-Up, Tools & Commitments

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