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Professional Negligence including Accountants, and Auditors Liability
Date: 23 - 24 Aug '10 Time: 9:00am - 5:00pm CPE/CPD:14 hrs Reg Deadline:9 Aug '10
Focus
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The objective of the course is to introduce participants to the key points of liability for Accountants and Auditors. The role of accountants and auditors has come to light in the recent issues on rendering professional and financial advice. Participants will be introduced to concepts and issues concerning auditors and accountants. A detailed analysis of the issues will be discussed and analyzed from a commercial and professional perspective.
Objective
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Upon completion of the training, participants will be able to explain the key issues facing them. Participants at the end of the course will appreciate the professional role of auditors and accountants. The do and they do not when rendering professional and financial advice. There will have a clear picture and understanding of the way to handle these issues and render advice with professional confidence.
The role of Accountants.
A brief look at accountant’s role in rendering financial advice
The important issues that arises when rendering such advice
How to handle such issues at an internal level
The role of Auditors
A brief look at auditor’s role in rendering financial advice
The important issues that arises when rendering such advice
How to handle such issues at an internal level
Definition of Professional Standards
Definition of professional standards
Standards as defined under the Companies Act
Legal issues that arises when rendering professional advice
Definition of duties under the Law
Definition of Law of Negligence
Discussion on the standard of care
Requirements of care under the Law of Negligence
Contributory Negligence and Negligent Misstatements
Definition of Contributory Negligence
Definition of Negligent Misstatements
Legal issues arising when dealing with Contributory Negligence and Negligent Misstatements
Statutory implications on Auditors and Accountants
Definition and examination of main statutes
The role and expectation under statute
The legal issues involved between accountants and auditors under statute
Discussion of the duties owed by Auditors and Accountants
Definition of parties and the duties
To who are the duties owed
The shareholders, creditors and the general public a brief outlook
Discussion on exemption clauses and disclaimers
Definition of exemption clauses
Definition of disclaimers
Legal position of exemption clauses and disclaimers
Discussion on confidentiality and ethics
Definition of confidentiality
Definition of ethics and the importance in professional advice
Legal position of confidentiality and ethics
Role of Insurance and with regards liability of auditors and accountants
Importance of insurance
The types of insurance policies available
Role of insurance in dealing with liability of accountants and auditors
Litigation and settlement on Auditors and Accountants
The process of litigation
The issues looked at by Courts on the role of accountants and auditors
Settlement and dispute resolution with regards this issue
Case Studies of on Auditors and Accountants Liability
Background information on case studies
Legal issues involved in the case studies
Lessons to be drawn from case studies
Who should attend
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Managing Directors, Group Financial Controllers, Company Directors, Business Managers, Financial Controllers, External and Internal Auditors, Business Advisers, Bankers, Consultants, Company Secretaries, Administrators, Credit Executives, Finance and for those who are intending to enter the financial industry
David holds a Bachelor of Law degree from the University of London and Master of Business Administration degree from Victoria University. He has many years of experience in the private sector and he is presently working as an in house Legal Counsel for a local company.
Over the years, he has conducted legal training for the corporate sector on the various practical legal issues facing the corporate field and has lectured for many training institutions, on Business and Company Law. His forte is in the field of corporate and commercial drafting of contracts, including company matters. Mr. David Shanmugam has conducted legal training programmes for Singapore Institute of Chartered Secretaries and Administrators, National University of Singapore Continuing Education and for the Singapore Manufacturing Association.
If you are having trouble registering online then you may download and fill out this registration form and fax it to (65) 67490193.
