Course Description
This training course is designed to provide participants with a comprehensive understanding of the ethical principles and practices essential for maintaining integrity in financial reporting and auditing. In an era where financial transparency and accountability are paramount, this course equips professionals with the knowledge and skills to navigate ethical dilemmas, comply with regulatory standards, and uphold the trust of stakeholders.
The course covers a wide range of topics, including the fundamentals of ethical decision-making, regulatory frameworks, corporate governance, and the role of auditors in ensuring ethical compliance. Participants will also explore real-world case studies, engage in practical exercises, and discuss emerging trends in ethical financial practices.
Course Objectives
Upon the successful completion of this Ethical Considerations in Financial Reporting and Auditing Training Course, participants will be able to:
- Understand the ethical principles underpinning financial reporting and auditing.
- Identify and address ethical dilemmas in financial practices.
- Enhance compliance with international financial reporting standards and ethical guidelines.
- Develop strategies for promoting ethical behavior within organizations.
- Get equipped with practical tools for ethical decision-making.
Training Methodology
The course is designed to be highly interactive, challenging and stimulating. It will be an instructor led training and will be delivered using a blended learning approach comprising of presentations, discussions, guided sessions of practical exercise, case study review, web-based tutorials, group work, exploration of relevant issues collaborative strength training, performance measurement, and workshops of participants displays, all of which adhere to the highest standards of training. The training technique is built on learning by doing, with lecturers using a learner-centered approach to engage participants and provide tasks that allow them to apply what theyve learned. Experiential knowledge is also given equal importance within the format of training. Our facilitators are seasoned industry professionals with years of expertise in their chosen fields. All facilitation and course materials will be offered in English.
Who Should Attend?
This Ethical Considerations in Financial Reporting and Auditing Training Course would be suitable for, but not limited to:
- Financial Managers and Accountants
- Auditors and Internal Control Officers
- Compliance and Risk Management Professionals
- Corporate Governance Officers
- Regulatory and Oversight Bodies
- Finance and Accounting Students
- Ethics Officers and Corporate Social Responsibility Managers
Personal Benefits
- Enhanced understanding of ethical standards in finance and auditing.
- Improved ability to navigate complex ethical situations.
- Increased confidence in making ethical decisions.
- Professional growth and career advancement opportunities.
- Networking with like-minded professionals.
Organizational Benefits
- Strengthened corporate governance and compliance frameworks.
- Reduced risk of financial misconduct and reputational damage.
- Improved stakeholder trust and confidence.
- Enhanced organizational culture of integrity and accountability.
- Better alignment with global ethical standards and regulations.
Course Duration: 5 Days
Course Outline
Module 1: Fundamentals of Ethics in Financial Reporting
- Introduction to ethics and its importance in finance
- Key ethical principles and frameworks
- Ethical challenges in financial reporting
- Regulatory and professional standards
- Practical Session: Case study analysis of ethical dilemmas in financial reporting
Module 2: Ethical Decision-Making in Auditing
- Role of auditors in ensuring ethical compliance
- Ethical dilemmas faced by auditors
- Tools and techniques for ethical decision-making
- Auditing standards and ethical guidelines
- Practical Session: Role-playing ethical scenarios in auditing
Module 3: Corporate Governance and Ethical Leadership
- Principles of corporate governance
- Role of leadership in promoting ethical behavior
- Board responsibilities and ethical oversight
- Building an ethical organizational culture
- Practical Session: Developing a corporate governance framework
Module 4: Regulatory Frameworks and Compliance
- Overview of international financial reporting standards (IFRS)
- Key regulatory bodies and their roles
- Compliance requirements for ethical financial reporting
- Consequences of non-compliance
- Practical session: Compliance checklist development
Module 5: Fraud Prevention and Detection
- Common types of financial fraud
- Ethical implications of fraudulent activities
- Strategies for fraud prevention and detection
- Role of internal controls and audits
- Practical Session: Fraud risk assessment exercise
Module 6: Whistleblowing and Ethical Reporting
- Importance of whistleblowing in financial ethics
- Legal protections for whistleblowers
- Creating a safe environment for ethical reporting
- Case studies on whistleblowing in organizations
- Practical Session: Designing a whistleblowing policy
Module 7: Ethics in Emerging Financial Technologies
- Ethical challenges in fintech and digital finance
- Data privacy and security concerns
- Ethical use of artificial intelligence in finance
- Regulatory considerations for emerging technologies
- Practical Session: Ethical risk assessment in fintech
Module 8: Sustainability and Ethical Financial Practices
- Role of ethics in sustainable finance
- Environmental, social, and governance (ESG) considerations
- Ethical investment strategies
- Reporting on sustainability and ethical practices
- Practical Session: Developing an ESG reporting framework
Module 9: Global Perspectives on Financial Ethics
- Cross-cultural ethical considerations
- International ethical standards and practices
- Case studies of global financial scandals
- Lessons learned and best practices
- Practical Session: Comparative analysis of ethical standards
Module 10: Building an Ethical Finance Function
- Steps to create an ethical finance department
- Training and development for ethical competence
- Monitoring and evaluating ethical performance
- Continuous improvement in ethical practices
- Practical Session: Action plan for ethical transformation
Requirements
- Participants should be reasonably proficient in English.
- Applicants must live up to Phoenix Center for Policy, Research and Training admission criteria.
Terms and Conditions
- Discounts: Organizations sponsoring Four Participants will have the 5th attend Free
- What is catered for by the Course Fees: Fees cater for all requirements for the training Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.
- Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.
- The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.
- Approval of Course: Our Programs are NITA Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.
Booking for Training
Simply send an email to the Training Officer on training@phoenixtrainingcenter.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.
Or call us on +254720272325 / +254737566961
Payment Options
We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:
- Groups of 5 People and Above Cheque Payments to: Phoenix Center for Policy, Research and Training Limited should be paid in advance, 5 days to the training.
- Invoice: We can send a bill directly to you or your company.
- Deposit directly into Bank Account (Account details provided upon request)
Cancellation Policy
- Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.
- Participants may cancel attendance 14 days or more prior to the training commencement date.
- No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.
Tailor Made Courses
This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location.
For further inquiries, please contact us on Tel: +254720272325 / +254737566961 or Email training@phoenixtrainingcenter.com
Accommodation and Airport Transfer
Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@phoenixtrainingcenter.com or on Tel: +254720272325 / +254737566961
