Training Courses

Training Courses
An Ethical Framework for Accountants

Code: ACCA.P1B
Type: Accounting Instructor-led Courses
Category: ACCA
Accountants should have the knowledge and skills and exercise professional judgement in carrying out their role as an accountant in relation to governance, internal control, compliance and management of risk within an organization. The overall ethical framework in which the practitioners abide leads to healthy, transparent and viable economies.

This course intends to teach the participants the ethical framework within they should operate as professionals, the code of ethics for accountants. It also intends to demonstrate how responsible and ethical behavior can benefit the public interest and promote social and environmental issues.

Duration: 28
Location: EDITC & MMC Conference Center, 16 Imvrou Street, 1055 Nicosia
Language: English or Greek


1. Ethical theories

  •  Ethical theories of relativism and absolutism.
  •  Kohlberg’s stages of human moral development
  •  Deontological and teleological/consequentialist approaches to ethics
  •  Commonly used ethical decision-making models in accounting and professional contexts

2. Different approaches to ethics and social responsibility

  •  Gray, Owen & Adams (1996) seven positions on social responsibility
  •  Other constructions of corporate and personal ethical stance
  •  Variables determining the cultural context of ethics and corporate social responsibility
  •  Concepts of “CSR strategy” and “strategic CSR”

3. Professions and the public interest

  •  Nature of a “profession” and “professionalism”
  •  Meaning of  “the public interest”
  •  Role and influence of accounting as a profession in the organizational context
  •  Role of accounting as a profession in society
  •  Accounting’s role as a value-laden profession cable of influencing the distribution of power and wealth in society
  •  Issues surrounding accounting and acting against the public interest

4. Professional practice and codes of ethics

  •  Areas of behavior covered by corporate codes of ethics
  •  Content and principles behind professional codes of ethics
  •  Codes of ethics relevant to accounting professionals

5. Conflicts of interest and the consequences of unethical behavior  

  • Issues associated with conflicts of interest and ethical conflict resolution
  • Nature and impacts of ethical threats and safeguards
  • Ways threats to independence can affect ethical behavior
  • “Bribery” and “ corruption” in the context if corporate governance and ways these can undermine confidence and trust
  • Best practice measures for reducing and combating bribery and corruption and barriers to implementing such measures

6. Ethical characteristics of professionalism

  • Content and nature of ethical decision-making using content from Kohlberg’s framework as appropriate
  • Issues related to the application of ethical behavior in professional context
  • “Rules base” and “principles base” approaches to resolving ethical dilemmas encountered in professional accounting

7. Social and environmental issues in the conduct of business and of ethical behavior  

  • Concept of integrated reporting and issued concerning  accounting for sustainability
  • Social and environmental impacts that economic activity can have
  • Main features of internal management systems for underpinning environmental and sustainability accounting
  • Typical content elements and guiding principles of an integrated report
  • Nature of  social and environmental audit and its contribution to the assurance of integrated reports

Who Should Attend
  • Managers
  • Senior Economic Staff
  • Approved or trained accountants / auditors
  • Experienced Personnel Control and Accounting Officer


On successful completion of this course, the participants should be able to demonstrate the application of professional values and judgement through an ethical framework that is in the best interests of society and the profession, in compliance with relevant professional codes, laws and regulations.

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