TOPICS FOR RESEARCH

1. The legal duties of auditors

a. Regulations governing the appointment, removal and resignation of auditors
b. Duties of auditors
c. Rights of auditors

2. Professional Ethics
a. Fundamental principles of professional ethics of integrity, objectivity, professional competence
and due care, confidentiality, and professional behavior
b. Detailed requirements, and application of professional ethics, in the context of integrity,
objectivity and independence
c. Auditor’s responsibility with regard to confidentiality.

3. The liability of auditors

a. Liability of auditors under contract and negligence to clients
b. Liability of auditors to third parties

4. Committees in business organizations

a. Purposes of committees
b. Types of committee used by business organizations
c. Advantages and disadvantages of committees

5. The role of regulatory and professional bodies in promoting ethical and professional standards in
the accountancy profession
a. Purpose of international and organization codes of ethics and codes of conducts, IFAC (IESBA),
ACCA, etc.
b. Factors that distinguish a profession from other types of occupation
c. Role of the accountant in promoting ethical behavior
d. When and to whom illegal, or unethical conduct by anyone within or connected to the
organization should be reported.

6. Corporate code of ethics

a. Define corporate code of ethics
b. Typical contents of a corporate code of ethics
c. Benefits of a corporate code of ethics to the organization and its employees

Note: Main reference - ACCA