Course Description

CPAs and accounting professionals need to exercise caution to ensure they maintain independence as they assist their clients and organizations with reviews, audits, and compilation engagements. This course provides a roadmap to best practices and guidance provided by the AICPA's Code of Professional Conduct and analyzes and applies it to actual scenario-based case studies, providing accounting professionals with ethical standards to integrate into their practices.

Major subjects:

• Review the AICPA's Code of Professional Conduct.
• Provide best practice tips and practical strategies for preserving independence when assisting clients with technical matters.
• Discuss the principles of professional conduct
• Address compliance with professional standards
• Use case studies to address circumstances that may create threats to independence.

Learning Objectives

• Identify how to apply key strategies in maintaining independence in client engagements
• Recognize how to assess circumstances that threaten independence
• Identify how safeguards may reduce independence threats to an acceptable level
• Discover how to apply ethical guidance to scenarios that accounting professionals may encounter in public practice

Prerequisites

• None

Who Should Attend

CPAs in public practice and members in industry.