INTHEBLACK September 2024 special edition - Flipbook - Page 52
EVERYDAY
ETHICS
ETHICAL DILEMMAS
Accountants and finance professionals
regularly face ethical dilemmas in their
day-to-day work. The experts from
our monthly Everyday Ethics column
offer their insights for tackling
some of the trickiest issues.
52 INTHEBLACK September 2024 SPECIAL EDITION
MELISSA READ FCPA,
CPA AUSTRALIA
DR SIMON LONGSTAFF AO FCPA,
THE ETHICS CENTRE
CONFLICTS
OF INTEREST
Question: “How do I avoid
a perceived conflict of interest
at work?”
“There are duties in the
profession that create a hierarchy
of obligations. As a result, a
distinct aspect of the accountancy
profession is its acceptance of the
responsibility to act in the public
interest. This means professional
accountants are required to
uphold the public interest that
they serve and the interests of
their clients over self-interest.”
Read the full article
AUDITING
DEADLINES
Question: “I’m an auditor
managing multiple competing
deadlines. I have an audit
opinion and final report due
very soon with a lot of work still
to be done, and I’m concerned
that I’m running out of time.
How do I handle this situation?”
“While auditors are often faced
with pressures of managing
multiple competing deadlines, it
is crucial to maintain the integrity
of the audit process and not
compromise on the thoroughness
and quality of your work.”
Read the full article
