Course Description

Course Title:

Professional Characteristics and Ethical Principles in Accountancy

Course Description:

This course aims to provide level 4 students with an understanding of how professional characteristics and ethical principles are applied and regulated in the context of accountancy. It will explore the professional characteristics and ethical principles exhibited by accountants, the impact of a breach of ethics on accountants and business organisations, the role of regulatory bodies for accountancy in a specific country, the requirements for external audit, and the relationship between the Board of Directors, external auditors, and shareholders in a public limited company. The course will also cover various domestic regulatory bodies and their influence on accounting practice, data protection regulations, and the importance of adhering to international accounting standards. By the end of this course, students will be equipped with the knowledge and skills to navigate the professional and ethical landscape of the accounting profession.

Course Objectives:

 1. Understand the professional characteristics and ethical principles exhibited by accountants.

 2. Evaluate the impact of a breach of ethics on accountants and business organisations.

 3. Explain the role of regulatory bodies for accountancy and their influence on accounting practice.

 4. Identify the requirements for external audit and understand the relationship between the Board of Directors, external auditors, and shareholders in a public limited company.

 5. Recognize the importance of adhering to international accounting standards and domestic regulations in an accountancy context.