professional standards and ethics - graduate presentation - feb 2013

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Welcome

Professional Standards and EthicsFebruary 2013

This document contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgement. It does not purport to be comprehensive or to render professional advice. The reader should not act on the basis of any matter contained in this publication without first obtaining specific professional advice.

We believe that the statements made by us in this document are accurate but no warranty of accuracy or reliability is given. Our conclusions are based on interpretations of accounting standards and other relevant professional pronouncements and legislation current as at the date of this document. Should the interpretations, accounting standards, other relevant professional pronouncements or legislation change, our conclusions may not be valid. We are under no obligation to update the matters considered in this document after its publication.

© Hanrick Curran, February 2013All rights reserved

Disclaimer

Liability limited by a scheme approved under professional Standards Legislation

Your Presenter – Matthew Green CA

• Over 15 years accounting and auditing experience• Prepared financial statements for ASX listed companies• Registered Company Auditor

Contact details: [email protected]

(+61)(0) 447 724 595

(+61)(0) 7 3218 3900

Twitter: @matthewjgreenca

LinkedIn: http://au.linkedin.com/in/matthewjgreenca

Financial Statements & Accounting Standards Update

Professional & Ethical Standards \\ Feb 2013

What is Professionalism?

Self Regulation

Body of Theory

Client Focus


Where do our Professional & Ethical Standards come from?

Rules of the Institute of Chartered Accountants in Australia (ICAA) Accounting Professional & Ethical Standards Board (APESB) Corporations Act 2001 + related Acts Taxation Acts


What are the Professional & Ethical Standards?

Fundamental principles from

APES 110 Code of Ethics for Professional Accountants

Integrity Objectivity Professional Competence and Due Care Confidentiality Professional Behaviour


Integrity

“To be straightforward and honest in all professional and business relationships”


Objectivity

“To not allow bias, conflict of interest or undue influence of others to override professional or business judgements.”


Professional Competence and Due Care

“To maintain professional knowledge and skill at the level required to ensure that a client or employer receives competent professional services based on current developments in practice, legislation and techniques and act diligently and in accordance with applicable technical and professional standards.”


Confidentiality

“To respect the confidentiality of information acquired as a result of professional and business relationships and, therefore, not disclose any such information to third parties without proper and specific authority, unless there is a legal or professional right or duty to disclose, nor use the information for personal advantage of the member or third parties.”


Professional Behaviour

“To comply with relevant laws and regulations and avoid any action that discredits the profession.”


A tip for problem solving . . .

Issue

Law (or standards/framework)

Apply

Conclude


Some general tips

Build deep relationships Don’t do anything but the very best work Know your job Build trust Learn your clients business Look after your boss Meet deadlines

About Hanrick Curran

Our client base is mainly located in South East Queensland, but also extends to Northern New South Wales, Western Queensland, Sydney, Melbourne, Darwin, Townsville and Mackay as well as other regional areas.

We have a strong position with clients in Papua New Guinea and we also serve a growing Asian business sector. While these international connections may not be of immediate interest but we believe they are important in enabling us to effectively serve our clients.

Hanrick Curran’s Client Base

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Thank you.

www.hanrickcurran.com.au

professional standards and ethics - graduate presentation - feb 2013

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