The AICPAs Code of Professional Conduct provides guidance for ethical business conduct, as well as other potentially relevant ethical requirements from the PCAOB and international bodies. An important pillar of any Code of Professional Conduct is the rules governing independence when performing attest services, particularly when both attest and non-attest services are provided. This ethics CPE course will dig deeper into important foundational principles, primarily focusing on threats to independence and how to avoid or appropriately safeguard them.
Learning Objectives
Upon completion of this course, participants will be able to:
Explain the Conceptual Framework that should be applied to evaluate compliance with principles of any Code of Professional Conduct
Recall threats and safeguards relating to performing both attest and non-attest services for clients
Explain other common independence threats and how to eliminate or mitigate them to an acceptable level
Major Topics
Overview of the Conceptual Framework approach to identify threats to principles of the Code of Professional Conduct
Familiarity, self-interest, self-review and other independence threats
General requirements and management responsibilities when performing both attest and non-attest services for the same client
Safeguards for common independence threats
