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Chapter 2

Code of ethics and conduct

Outcome

By the end of this session you should be able to:

 explain the fundamental principles and the conceptual framework approach

 identify, evaluate and respond to threats to compliance with the fundamental
principles

 discuss and evaluate the effectiveness of available safeguards

 recognise and advise on conflicts in the application of fundamental principles

 discuss the importance of professional scepticism in planning and performing
an audit

 consider the ethical implications of the external auditor providing non-audit
services to a client including an internal audit service

 assess whether an engagement has been planned and performed with an
attitude of professional scepticism, and evaluate the implications

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 2 of your Study Text

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