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Professional Skepticism and the Code of Ethics for Accountants

Professional skepticism and ethics for accountants entail upholding principles like integrity, competence, and confidentiality. This involves serving the public good beyond financial interests and contributing to a better Africa in line with the African Union Agenda 2063.

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Professional Skepticism and the Code of Ethics for Accountants

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  1. Professional skepticism and the code of ethic for professional accountants Vickson Ncube Livingstone, Zambia

  2. Professional skepticism and the code of ethic for professional accountants Professional has been defined as – an attitude that includes a questioning mind, being alert to conditions which may indicate possible misstatement due to error or fraud, and a critical assessment of (audit) evidence. According Mr Edgar Hamuwele – Trust but verify.

  3. Professional skepticism and the code of ethic for professional accountants In order to assist with Professional skepticism, the International Ethics Standards Board for Accountants (IEASBA) issues a Code of Ethics – The Code of Ethics for Professional Accountants.

  4. Professional skepticism and the code of ethic for professional accountants Sets out fundamental principles of ethics for professional accountants, reflecting the profession’s recognition of its public interest responsibility based on - integrity, objectivity, professional competence and due care, confidentiality, and professional behaviour.

  5. Professional skepticism and the code of ethic for professional accountants The declaration of Zambia as a Christian Nation does not make Zambians Christians. Not even including it in the preamble to the Constitution. Passing an Anti Corruption law does not reduce corruption. A Code of Ethics does not make accountants ethical.

  6. Professional skepticism and the code of ethic for professional accountants The Code of Ethics is not an end itself but a means to an end. As a profession we need to find our general relevance beyond fees and salary. We need to understand that we serve a larger good – the Public, the Citizens of our Country and Continent. Simply put we serve the man and woman in the street.

  7. Professional skepticism and the code of ethic for professional accountants The Code of Ethics is not the acquisition of principles. It is not about ticking boxes of compliance of Laws and Regulations – neither is it about serving the interests of the arrogance of financial capital to the negation of the principles of six capitals as contained in Integrated Thinking which itself is a foundation of Integrated Reporting.

  8. Professional skepticism and the code of ethic for professional accountants The Code of Ethics must make us realise that as a profession we are the defenders of all the six capitals – Natural, Manmade, Social and relationships, Human, Intellectual and Financial. Allow me to suggest that the African Union Agenda2063 provides the context within which our professional ethics must be practised.

  9. Professional skepticism and the code of ethic for professional accountants The Code of Ethics must create in us professionals who are patriotic to our nations as well as to our Continent Africa. The profession must champion the ideology of the African Union Agenda 2063.

  10. Professional skepticism and the code of ethic for professional accountants We must as profession be players in the creation of “The Africa we want (The Africa we deserve - Dr Tom Thabane Lesotho PM) – Integrated, prosperous and peaceful Africa, driven by her own citizens and representing a dynamic force in the international arena.

  11. Professional skepticism and the code of ethic for professional accountants If this Code is to have meaning: • No conniving with investors to con our nations. • No facilitating the corrupt to exploit. • Morality in tax collection and tax utilisation. • Take a stand against corruption, rename as theft.

  12. Professional skepticism and the code of ethic for professional accountants The Code of Ethics must help us realize our collective vision, that is - African is self confident, in its identity, heritage, culture and values and as a strong united and influential partner on the global stage, making its contribution to peace, human progress, peaceful co – existence and welfare. In short a different and better Africa.

  13. Let me invite all of you to the 5th Africa Congress of Accountants 2019 (ACOA2019) to be held in Marrakech Morocco from 19 to 21 June 2019I Thank you all. www.pafa.org.za www.acoa2019.com

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