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• M25015 - Professional Competence and Due Care - Practical Considerations (Online)

  • When
    27 Mar 2025
  •  
    13:30 - 16:45
  • Location
    Online Webinar

  Register

  Registration Time: 13:15
  Sessions Time: 13:30 - 16:45  including a 15-minute break
  Speaker: Mr Mario P Galea
  Venue:   Online Webinar

  Participation Fees (The Institute is now accepting payments via Paypal)
  MIA Members: €40.00
  Non-MIA Members: €75.00
  Retired Members: €20.00
  Students: €30.00

  *Group bookings for 3 or more participants available.

  BACKGROUND INFORMATION

  Care for the public interest arises partly from the competence of the accountant/auditor in the service at hand. Care and empathy also for the client who engages us to deliver the required service. Clients engage accountants to carry out services which the client cannot acquire themselves, inhouse or in any other way. Clients have no obligation to ask accounts for services. They come to us to satisfy a need. The latter triggers the concept of care in our minds. Client and users of our product come first before our interest in the service. Therefore, before we even accept the request, we need to ascertain that we have what it takes to deliver what the client needs in most efficient and effective way. This will reduce the expectations gap and would also help the stakeholders enjoy a better service from the client when it comes to the client satisfying the needs of the investors, employees, regulators, authorities and the transacting public in general.

  SPECIFIC TOPICS TO BE COVERED DURING THE SESSION

  The Code of Ethics, Ethical Principles and the Conceptual Framework, Continuous Professional Education, Client and Engagement Acceptance and Continuance procedures, Due Diligence, ISQM 1, Organising the Practice for competence, Training, Contemporary challenges such as AI, ESG, Sustainability reporting, Multi-disciplinary practice and delivery of service, Engagement Terms of Reference.

  Why is the session of relevance to our members?

  A cornerstone of the success of our profession is the communication of who we are, what we do and how we go about delivering our services to the market, our clients, and all stakeholders. All round knowledge beyond paying for a service enhances the service itself as well as client and market satisfaction resulting in better value for money for both members and non-members.

  Target Audience

  Practitioners, Students, Accountants in business and members of their employers

  Speaker's Profile

  A certified public accountant holding a warrant to practice both as an accountant and as an auditor.
  Currently practising as a business advisor providing governance oversight and advisory services to
  businesses and corporations. Serves as an independent non-executive director on the boards and
  audit committees of various listed and licenced companies in the financial and commercial sectors
  including banks, insurance and investment companies. Mentor and advisor to family businesses.
  Founder, managing partner and chairman of accountancy and audit firm Ernst & Young in Malta until
  retirement in 2012. Specialised in auditing and assurance which he has practiced for over 35 years in
  Malta and abroad. Auditing experience spans over several sectors including banks, insurance and
  investment companies. Lectured in auditing, assurance and professional and business ethics and led
  several training courses. Speaker at various business and professional conferences in Malta and
  abroad. Speaker and producer of various webinars related to auditing, corporate governance and
  ethics. Assisted businesses in several areas particularly relating to governance, accounting and
  systems of control. Served as President of the Malta Institute of Accountants and for many years
  formed part of the Accountancy Board which is the accountancy profession regulator in Malta.
  Served on various professional committees in Malta and abroad such as the council of the
  Federation des Experts Comptables (FEE) in Brussels (now Accountancy Europe). Member of the
  Ethics committee of the Malta Institute of Accountants in Malta

  EVeNT CPE COMPETENCies

  
  

  3  Core

  
  

  WEBINARS TERMS AND CONDITIONS

  Terms and conditions  apply

  
  

  DISCLAIMER

  By Registering and/or Booking for this event, you agree that MIA will collect your information which will be using it in accordance with its Privacy Notice available at the following link.

  Please note that all webinars are recorded by the MIA. Such recordings will be retained by the MIA for internal use.

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