Ethics is at the heart of the accounting profession and, to reinforce that truth with their members, for the second year in a row two prominent accounting bodies hosted a principles-focused event. On April 16, more than 90 members of Chartered Professional Accountants of Canada (CPA Canada) and the Cayman Islands Institute of Professional Accountants (CIIPA) gathered to learn about potential ethical issues and strategies for dealing with them.
“Professional accountants work in the public interest,” noted Sheree Ebanks, CEO of CIIPA. “It is important for both of our memberships to remain aware of potential ethical and legal challenges, so they continue to best serve their organizations or clients.”
Held at the Camana Bay Cinema, the Professional Ethics for Accountants session featured a presentation by Fareed Hosein, CPA, CA, MBA, a business ethics lecturer with more than 25 years of experience in the financial services industry who also sits as an Advisory Council member of CPA Canada’s Cayman Islands Chapter. He discussed issues around building an ethical work culture and balancing an accountant’s duties to clients with their duty to protect the public interest.
“CPA Canada is excited to have again collaborated with the Cayman Islands Institute of Professional Accountants on such an important topic,” explained Janet Treasure, Senior Vice President, External Relations and Business Development, CPA Canada. “It is important that the public continues to have confidence in our profession’s high standards for ethical conduct.”
The two-hour information session was followed by an opportunity to network for members in attendance.
“CIIPA and CPA Canada, through the local chapter, provided a welcome opportunity for our respective members to learn, meet, mingle and share their strategies for dealing with ethical issues that may arise,” said Angilynn Chan-Baraud, Vice-chair of CPA Canada’s Cayman Islands Chapter. “It was an important and well-received event as it reinforced the importance of ethics within the accounting profession.”
About Chartered Professional Accountants of Canada
Chartered Professional Accountants of Canada (CPA Canada) works collaboratively with the provincial, territorial and Bermudian CPA bodies, as it represents the Canadian accounting profession, both nationally and internationally. This collaboration allows the Canadian profession to champion best practices that benefit business and society, as well as prepare its members for an ever-evolving operating environment featuring unprecedented change. Representing more than 220,000 members, CPA Canada is one of the largest national accounting bodies worldwide. www.cpacanada.ca
About Cayman Islands Institute of Professional Accountants
Formerly CISPA, CIIPA was formed in the Cayman Islands in 1970 and has evolved into one of the largest professional organisations in the Cayman Islands with more than 1000 members. The organisation’s mission is to further the public interest through the regulation of the accounting profession, promoting the highest standards of professional and ethical conduct. CIIPA is a full member of the International Federation of Accountants (IFAC), the worldwide organisation representing the profession, and prides itself on its role as both an educator and regulator in the financial services industry.
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