ACCT1501 Lecture Notes - Lecture 7: Certified Practising Accountant, Cpa Australia, Internal Control
11 Nov 2018
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Week 7 internal control and cash: describe fundamental principles of professional accountant (apes 110). Professional ethics - the rights that a profession enjoys income in return for promises made. Professional accounting bodies in aus: concerning the quality and ethics of its members(cid:495) work: cpa australia (cpa) certified practising accountant, chartered accountants australia and new zealand (ca) Institute of public accountants (ipa) dealing/truthful. conflict of interest or the undue influence of others. Role of accountants and auditors act in public interest so that members of public can have reliable info to make decisions. For members of professional accounting bodies, there are ethical standards (e. g apes 110 code of. Not being (cid:494)independent(cid:495), therefore cannot be auditor of that company but (important for small to medium size accounting firms rather than for larger firms). Independence will slowly be breached: intimidation threats, threat that an auditor will be deterred from acting objectively because of actual or perceived pressures from the client.
