CPAs in public practice will get an update of their ethical responsibilities under AICPA and state-based regulations. Emphasis will be on the practitioners who provide compilations, reviews, or audits, as well as a range of other services for closely held businesses. Cases and examples will be used extensively.
Course ID: PEU
The Ethics Update for CPAs in Public Practice: 2016/17 Edition
- Receive a fast-paced overview of ethics standards promulgated by the AICPA, State Societies, and State Board authorities as they apply to small- to medium-sized CPA firms
- Use case studies and group discussion to examine the connections between ethics principles, formal rules, and the profession’s public responsibility
- Understand how the new ethics codification and the conceptual framework for resolving ethical issues will alter current practice.
- Understand how the evolving global economy is challenging ethics and enforcement practices
- Receive up-to-the-minute coverage of evolving issues such as client confidentiality, conflicts of interest, comfort letters, and other recent revisions to the Ethics Code
- The structure of the ethics rules and the enforcement and disciplinary process
- The public interest and professional ethics – When and why conflicts exist
- Are individuals ethical? Are accountants different?
- Bias versus professional skepticism in accounting judgments
- Are there inter-generational differences in ethics?
- The threats and safeguards approach to resolving ethical dilemmas
- Client confidentiality, conflicts of interest and comfort letters – Recent guidance
- AICPA’s restructuring of the Ethics Code
- Independence and ethics alert – Current issues