Ethics and Governance

Ethics and Governance
Module 1 – Accounting and Society
Part A: Accounting as a practice 1.04
Roles of accounting 1.04 Accounting as a technical practice 1.04
Traditional Public perception Accounting as a social practice 1.04
Broadening of Accounting Role
Measuring performance of Individual
Decision making tool

Accounting and effective governance 1.06 Case Ex 1.1 – National Library of New Zealand 1.06
Demonstration of accounting Changes

Part B: Accounting as a profession 1.08
Public perception of profession
Differences
Attributes of profession
Who governs the rights of each profession

Attributes of the profession 1.09 The evolution of the profession 1.09
Legislative requirements
Claims of status A systematic body of theory and knowledge 1.10
Skills/ knowledge An extensive education process 1.10
CPD
Proefficiency An ideal of service to the community 1.11
How society handle service abuse A high degree of autonomy and independence 1.11 A code of ethics for members 1.12 A distinctive ethos or culture 1.13 The existence of a governing body 1.13 Professions seeking market control 1.14
Wilmot: public interest
Larson
Abbots Power Approach
Gold Collarism
Robson and Cooper
Lehman: Quantification issue

The profession under challenge 1.16 Credibility of the profession 1.16
Corporate failure reason Greater regulation 1.18
Challenge to profession Restoring credibility to financial reporting 1.20

Part C: Accountants as business leaders 1.22 The role of accountants 1.22 The stereotype of the accountant 1.22 Roles and relationships 1.24
Changes/affected/developed
Range of roles 1.25 Member of an accounting firm 1.25 Corporate accounting 1.25 Contributions to small and medium enterprises (SMEs) 1.26 Accountants as advisers