| EAF8
ETHICS AND THE ATTEST FUNCTION:
AN 8-HOUR UPDATE FOR CPAS IN PUBLIC PRACTICE
This course provides CPAs in public practice with an update of their ethical responsibilities under AICPA 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. Case and examples will be used extensively.
MAJOR TOPICS:
- Ethics and the Attest Function: The Players
- Attest assurance and the range of CPA services
- Why independence is central to the attest function
- AICPA ethics
- Ethics enforcement: process and cases
- How to stay current with ethics issues
- Ethical Principles and Fraudulent Financial Reporting
- Ethics and the CPA - recent reporting problems
- The CPA's role in society - fair presentation
- Ethical behavior and codes of conduct
- Case Study: auditing Children's Hospital
- AICPA Ethics Code
- Independence and the attest function
- Independence , integrity and objectivity, 101, 102, 103
- Financial, business and employment interests
- Case Studies: financial reporting, ethics and the Code
- A Practical Guide to Independence and Advisory Services
- Issues when providing both attest and non-attest services
- 101-3 update on CPA's scope of services
- Reporting alternatives under SSARS: examples and issues
- Tax Positions: Ethics and Reporting Issues
- The fallout from tax shelters
- AICPA and the ethics of tax practice
- Recent PCAOB rules
- IRS Circular 230
- FASB and uncertain tax positions
- Outsourcing
- Background and history
- Rule 102, Disclosure
- Rules 201 & 202: Compliance with Standards
- Rule 301: Confidentiality
- Independence and Ethics Alert
- Financial relationships
- Outsourcing
DESIGNED FOR: Accountants in public practice who need an overview of the ethical requirements that govern the issuance of financial statements.
CPE CREDIT: 8 hours, Regulatory Ethics
LEVEL: Update
PREREQUISITES: None |
