Accounting Ethics

Course Code :2105TEWREV
Study domain:Accountancy & Audit
Academic year:2019-2020
Semester:2nd semester
Contact hours:45
Credits:6
Study load (hours):168
Contract restrictions: No contract restriction
Language of instruction:English
Exam period:exam in the 2nd semester
Lecturer(s)Ann Vanstraelen

3. Course contents *

This course aims to improve students’ understanding of ethics and ethical decision-making in the accounting profession. The objectives for this course are two-fold:

  • Students obtain sound knowledge of the core values of accounting professionals (i.e. external auditors, internal auditors and accountants), such as integrity, objectivity and independence. This includes understanding of:
    • professional guidance (codes and standards) and principles-based considerations in the ethical decision-making process; 
    • ethical theories for undertaking ethical decision-making; organisation ethics, corporate governance and ethical leadership;
    • earnings management;
    • the concept and drivers of audit quality, which is the raison d'être of the audit market; 
    • the structure, governance (e.g. quality control system) and culture (e.g. tone at the top) of the audit firm;
    • professional scepticism as a key aspect of audit quality and the role of public oversight;
    • the importance of learning from fraud cases and audit failures.
  • Students develop their ethical perception and their ethical and moral reasoning ability in order to recognise, analyse and resolve ethical dilemmas faced by accounting professionals (both public and non-public) and effectively communicate and defend ethical decision-making.