A conflict of interest can compromise a CPA's integrity or objectivity. In the Dealing with Conflicts of Interest course, we discuss the rules pertaining to conflicts of interest, the types and severity of the various types of conflicts of interest, and what actions can be taken to prevent or mitigate them. The course also addresses how to disclose and document these conflicts. A number of examples are used to emphasize and explain the concepts covered in the course.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recognize the factors involved in determining whether a conflict of interest exists.
Recall the types of conflicts of interest.
Recognize the safeguards that can be used to avoid or mitigate conflicts of interest.
Recall the levels of severity of different types of conflicts of interest.
Major Topics
The Role of Professional Judgment
Examples of Conflicts of Interest
How to Identify a Conflict of Interest
Severity of Conflicts of Interest
When to Obtain Guidance
Conflict of Interest Safeguards
Disclosing a Conflict of Interest
IRS Conflicts of Interest
Specific Conflict of Interest Situations
Obligations to an Employer's External Accountant
Services Involving Advocacy
Conflicts of Interest for CPAs in Business
Comparing Conflicts of Interest for CPAs in Public Practice and in Business
Documentation of Conflicts of Interest
