Course Details

Objective

By the end of the course, participants will be able to understand

• Understand the key principles of professional ethics and the importance of ethical behavior in the workplace.
• Learn about the key ethical standards and codes of conduct that govern various professions, including business and auditing.
• Develop skills to identify and address ethical dilemmas in professional practice.
• Gain knowledge of the role of professional organizations in enforcing ethical standards.
• Understand the consequences of unethical behavior and how to mitigate ethical risks.
• Learn how to apply ethical principles in decision-making and in interactions with clients, colleagues, and stakeholders.

Content

Day 1: Introduction to Professional Ethics

• The importance of ethics in professional practice
• Key ethical principles: integrity, objectivity, confidentiality, professional behavior
• Overview of professional codes of ethics (e.g., IIA, AICPA, CFA Institute)
• Ethical decision-making framework
• The role of ethics in maintaining trust and accountability

Day 2: Ethical Standards in Business and Auditing

• Overview of ethical standards in business (e.g., corporate social responsibility, governance)
• Ethical frameworks in auditing and accounting professions
• Key regulatory bodies and their ethical guidelines (e.g., FASB, PCAOB, IFAC)
• The relationship between ethics, professionalism, and legal compliance

Day 3: Ethical Dilemmas and Decision-Making

• Identifying and understanding common ethical dilemmas in professional practice
• Tools and techniques for resolving ethical conflicts
• The role of professional judgment in ethical decision-making
• The impact of personal and cultural factors on ethical decisions
• Handling pressure and maintaining ethical conduct in difficult situations

Day 4: The Role of Professional Organizations in Ethics

• Professional bodies and their role in setting ethical standards
• How organizations enforce ethics and compliance through codes of conduct and guidelines
• Ethics training, education, and certification for professionals
• The role of ethics committees and whistleblower protections
• Ensuring organizational culture supports ethical behavior

Day 5: Consequences of Unethical Behavior and Ethical Risk Management

• Legal, financial, and reputational consequences of unethical behavior
• Building an ethics program within an organization
• Developing policies and procedures for preventing unethical behavior
• Continuous improvement of ethical practices in the workplace

NOTE:

Pre-& Post Tests will be conducted.

Case Studies, Group Exercises, Group Discussions, Last Day reviews, and assessments will be carried out.

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences.  Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions