ACC 12 TERM 2 – WEEK 1 – Ethics

Ethics

• Understanding the role of professional bodies, e.g. South African Institute of Chartered accountants (SAICA) and South African Institute of Professional Accountants (SAIPA)
• Discussion of disciplinary and punitive measures that are applied for non-compliance with the Code of Professional Conduct
• Understanding the policies governing ethical behaviour in the financial environment, viz. King Code III
• Understanding the legislation governing companies:
– Basic principles in Companies Act, i.e. directors’ performance evaluation, remuneration policies, dispute resolution, business rescue, conflict of interests, responsibilities of directors

This topic should be consolidated, having been integrated with
other topics