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Webinar | ACCA

Ethics for professional accountants in business

In challenging economic times, accountants may come under pressure to do the wrong thing. This is evident from a recent incident where the ex-CFO of a crude oil products supplier was convicted and received nine years of imprisonment for helping defraud eight banks of $424m.

Overview

Person walking up steps

EP 100 Code of Professional Conduct and Ethics was revised on 14 August 2020 to adopt the final pronouncements relating to the Restructured Code and Revisions to the Code Pertaining to the Offering and Accepting of Inducements issued by IESBA. This revised ethical pronouncement is effective as of 1 March 2021.

During this webinar, the following questions will be addressed:
 

  • what is the enhanced conceptual framework?
  • what is NOCLAR, and how should you respond?
  • what are inducements, and should you accept them?
  • Overview of the code
  • The fundamental principles
  • The conceptual framework
  • Conflicts of interest
  • Preparation and presentation of information
  • Acting with sufficient expertise
  • Financial interests linked to financial reporting and decision making
  • Inducements, including gifts and hospitality
  • Responding to non-compliance with laws and regulations

Ong Woon Pheng FCCA, director of financial advisory services, PKF-CAP Advisory Partners

Woon Pheng has been in the accounting and finance profession since 2001 and he is currently director of the financial advisory services department at PKF-CAP, a member firm of PKF International. He was previously with Kudos CAS and RSM Nelson Wheeler, which are members of global accounting networks.

He is a fellow member of ACCA, chartered accountant of Singapore (CA Singapore), chartered financial analyst (CFA), international certified valuation specialist (ICVS), certified fraud examiner (CFE) and accredited tax practitioner (ATP income tax).

Currently, he specialises in business valuation, valuation for FRS (including purchase price allocation, impairment review and valuation of complex financial instruments), financial and tax due diligence, mergers and acquisitions advisory, fraud investigation, assessment of damages and expert witness.

As an adjunct faculty of Singapore University of Social Science (formerly known as UniSIM), University of Portsmouth, Murdoch University and Kaplan, Woon Pheng teaches business valuation, financial reporting and corporate finance-related subjects for the Masters, CFA, degree and diploma programmes. In 2015, he was conferred the teaching merit award by SUSS. He is also involved in various roles in the Singapore CA Qualification and with Singapore Accountancy Commission.

Training methodology

Mini-lectures, solving of problems and sharing of experiences.

CPD units

Attendance at to this webinar will earn you with 2 CPD units in Ethics and Professionalism (ACRA Category 2).  A CPD certificate will be emailed to you within two business days after the completion of this on-demand webinar and its evaluation.

International delegates

We welcome delegates from outside Singapore. Please email jasmine.wong@accaglobal.com to book under ACCA rates if you are an ACCA member, affiliate or student not resident in Singapore.

Pricing and booking information

Price

Member 125 SGD

Affiliate 130 SGD

Approved employer 140 SGD

Student 130 SGD

Public 150 SGD

Location

Singapore

Date & time

On demand

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