Professional Ethics – ACCA Audit and Assurance (AA)
Reader Interactions
Comments
Leave a Reply
You must be logged in to post a comment.
Free ACCA & CIMA online courses from OpenTuition
Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams
20% off ACCA & CIMA Books
OpenTuition recommends the new interactive BPP books for March and June 2025 exams.
Get your discount code >>
Great lecture!
No one will sell their soul for a Big Mac. haha… and the gun fanatic CEO story at the end… Thanks for making these concepts easy to understand and remember.
Now that was hilarious and of course, the main objective of imparting knowledge was well achieved.
Thank you so much!
Thank you sir ! It was very usefull
Thanks for your lecture.
thank you so much for uploading this helpful video, the lecture is brilliant for giving vivid examples.
Gun fanatic CEO? Collection of guns implying no strict restrictions for purchase of arms? Sounds suspiciously like the great ‘MURICA!!
You should see the lectures listed on this page https://opentuition.com/acca/aa/acca-audit-assurance-aa-lectures/
Hello Sir,
Would like to know if all the chapters r covered in the f8 lectures?
Sir,
The story about the guns at the end of the lecture was hilarious, you told it so well haha.
Thanks for a great lecture.
Seun
Sir,
coming back on the self interest threat… Hospitality services. If the client offers to take care of the board and lodging of the audit team at his own cost for the entire duration of the audit. with this constitute an influence to objectivity?
I recommend that you post technical questions for a tutor to the Ask the Tutor Forum (AA) as that is monitored daily (these posts are not).
In answer to your question here, every scenario must be assessed in context. The Code says that the existence and significant of a threat depends on the “nature, value and intent of the offer”. If the client is an “away job” it will in any case pick up the costs of the audit team being accommodated near the client and/or travelling to/from the client – if the audit firm incurs the costs, they will be recharged to the client as expenses. However, it could be that the client can get a better deal on hotel fees and so would prefer to pay for these directly. Or maybe the audit firm charges a standard “per diem” for nights away but the client makes some arrangement for the team to be otherwise catered for, because that could be a cheaper option. If the client were to offer 5* accommodation and gourmet dining then yes, I think that might influence objectivity.
Interest lecture, thanks for that
Hi Ken,
Thanks for the lecture. Can you let me know what does it mean that ” Gift should only be accepted if its value is trivial and inconsequential to the recipients”.
Many thanks in advance.
Ot really means of that it must be of negligible value.
Dear Sir,
Just want to say thank you & that you are one the best teachers i have had.
Regards,
Muhammad
dear sir !
it is Nowfeer from Srilanka who is going to sit in this december exam but i want to know that this lecturing videos will help to me to pass the exam without going any tuition class because i am asking as i found this videos uploaded around 2015 year!!!
please i am expecting the favour respond from your site!
Very interesting lecture. Thank you.
And very high probability that the last story took place in Russia ! 馃檪
I’m saying nothing 馃槈
Ha! I was going to say USA. Good lecture. Look forward to the rest.
I’m still saying nothing!
Thanks for the interesting lecture, who knew I’d actually laugh out loud during a professional ethics lecture! You’re not going to sell your soul for a Big Mac – Classic 馃檪
You are good sir. I enjoyed mostly the practical examples and the one right before the end is very funny. Thanks for the knowledge.
Hello, Can an auditor audit his own charitable organization , which is non profit and has a main purpose for charity?
i absolutely love the story at the end. Couldnt stop laughing. A good motivation to listen to the next lecture.