Firms revamp ethical training
Audit firms are revamping ethical training in the wake of recent accounting scandals ahead of new guidelines set to come into force next month.
Audit firms are revamping ethical training in the wake of recent accounting scandals ahead of new guidelines set to come into force next month.
The ICAEW’s new ethical training programme will be launched at the beginning of August, and includes specific PC-based training.
However, firms are planning to go beyond the institute’s requirements, providing additional guidance on how to behave in front of clients.
‘We need to embed ethics into our training from the very beginning,’ Ted Awty, KPMG’s head of audit told Accountancy Age. ‘It is not something you can just bolt on,’ he added.
The ICAEW guidance is aimed at building on the real-life experiences. ‘There is much greater emphasis on linking learning with real problems and dilemmas,’ said Brian Chiplin, the instituteås director of education and training.
‘Staff need to be able to identify the ethical issues and look for solutions,’ he said. Chiplin stressed the guidance was under constant review and that the ICAEW was taking steps to ensure it was consistent with other European institutes.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleThe modern consumer is tech-savvy, and generally digitally literate. Nowhere is this more evident than within the financial sector; consumers demand r...
View articleEntries are now open for the Accountancy Age 35 under 35 2022 ranking, highlighting the brightest young talent in the accountancy sector Read More...
View articleWith the year nearing its close, Chris Evans, vice president and country manager at Intuit QuickBooks UK, takes the opportunity to reflect on the past...
View articleShowcasing the industry's rising talent, the fourth and final instalment of our 35 under 35 rankings highlights five young UK professionals who are ma...
View articleLive broadcast event specifically for accountants Read More...
View articleShowcasing the industry's rising talent, the third instalment of our 35 under 35 rankings highlights 10 young UK professionals who are making great co...
View article