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Ethical Tax Practice: The Role of Tax Professionals as Moral Agents in Society

This webinar on demand is part of a series of webinars. Click here to read more

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Overview

This video, featuring Judge Dennis Davies and facilitated by Caryn Maitland, delves into the ethical responsibilities of tax practitioners. It highlights the moral and legal obligations practitioners hold, both towards their clients and in their own tax affairs. Judge Davies addresses the broader ethical dimensions of tax practice in South Africa, with discussions focusing on tax morality, professional competence, and the importance of due care. The session also covers the responsibilities of tax professionals in reporting non-compliance with laws and regulations (NOCLAR) and managing risks related to money laundering, corruption, and fraud.

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Video Content

• Ethics and Tax Morality: Discuss the definition of tax morality and the factors that influence it.
• Professional Responsibilities: Explore the tax practitioner's responsibilities toward clients and their own tax affairs.
• Ethical Framework: Learn the principles of integrity, objectivity, due care, confidentiality, and professional behavior.
• NOCLAR and Compliance: Understand the reporting obligations for non-compliance with laws and regulations (NOCLAR).
• Anti-Money Laundering (AML) and Fraud Prevention: Discuss tax practitioners' responsibilities in preventing and reporting money laundering and fraud.
• Accountability: Highlight the need for tax practitioners to hold themselves, their peers, and their clients accountable.

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Competencies Developed

By watching this video, participants:

• Understand the concept of tax morality and its importance in South African tax practice.
• Gain insight into the ethical responsibilities of tax practitioners, both towards clients and in their own tax affairs.
• Learn how to apply the ethical framework in day-to-day tax practice, ensuring integrity and objectivity.
• Develop awareness of their obligations regarding NOCLAR and anti-money laundering (AML) compliance.
• Strengthen their ability to manage ethical dilemmas and make sound, well-documented decisions in tax practice.