Ethics & Governance

Online class

  • 4 Weeks of live tuition via webinar
  • 2 classes/week of 2 hours each (total 4 h/w)
  • Access to recorded webinars throughout the semester
  • 30 min Q&A time after every session
  • Exam critical areas
  • Summary notes guidance
  • Customised diagrams and flowcharts
  • Exam tips and techniques
  • ClickMeeting webinar


Class duration: 2 hours + 30 min discussion

Days: Saturday + Sunday

All times are at Australian Eastern Standard Time (AEST)

Subject outline

Ethics and Governance is divided into 6 Modules

Module 1 - Accounting and society

Module 2 - Ethics

Module 3 - Governance concepts

Module 4 - Governance in practice

Module 5 - Corporate accountability

The contents of these modules are as follows:

Module 1 - Accounting and society

Part A: Accountants as members of a profession

• Public interest or self-interest?

• Enlightened self-interest

• Ideals of accounting - entrepreneurialism and professionalism

• What is a profession?

• What is a professional?

• Trust and professions

• Attributes of the accounting profession

• The profession's regulatory process

Part B: Interaction with society

• Accounting roles, activities and relationships

• Social impact of accounting

• Credibility of the profession

• Capability considerations

Module 2 - Ethics

Part A: Professional ethics

Part B: Ethical theories

Part C: Compiled APES 110 Code of Ethics for Professional Accountants

• An introduction to the APESB Code of Ethics

Module 3 - Governance concepts

Part A: Overview of corporate governance

• Governance

• The need for governance

• Components of corporate governance

Part B: International perspectives on corporate governance

• Global push for improved governance

• Thirty years of corporate governance

Part C: Codes and guidance

• OECD Principles of Corporate Governance

• UK Financial Reporting Council Corporate Governance Code

• ASX Principles and recommendations

• Alternative international approaches to governance

Part D: Non-corporate and governance

Part E: Governance failures and improvements

• Common failure factors

• Improving corporate governance

Module 4 - Governance in practice

• Corporate governance success factors

• Operational issues

• Impact of the legal system on the corporation

• Proof, penalties and redress – criminal and civil

• Competition and protecting markets for goods and services

• Legal compliance and governance

• Consumers and customers

• Unconscionable conduct

• Governance issues in the non-corporate sector

• The corporation and financial markets

Module 5 - Corporate accountability

• Overview and introduction to key elements

• Drivers of increased business accountability

• Linking to ethical theories

• What can be measured and reported?

• Limitations of traditional financial reporting

• Reporting and guidelines

• Current reporting practice

• International initiatives on climate change

• Current developments