Preserving Independence & Otherwise Complying With the New AICPA Code of Professional Conduct (4172963E)


Date:Tuesday, January 23, 2018
Time:2:30 PM - 6:00 PM (Registration at 2:00 PM)
Credit:4.0 CPE Credit(s)
Vendor:CalCPA Education Foundation
Course Level:Overview
Registration:$129 WICPA Members, $159 Nonmembers

The AICPA Code of Professional Conduct has undergone significant changes in the past few years-and there are additional changes that are effective as of 2016, to coincide with the effective date of SSARS No. 21. Among other changes, the Code provides separate sections for CPAs in public practice, CPAs in industry and for CPAs who may not be working in such a capacity, including educators. It also introduces two conceptual frameworks for the CPA to apply, one in relation to the overall Code of Conduct and one specifically related to the evaluation of independence. Examine a CPA's independence when performing nonattest services for an attest client and the recently redefined types of activities and services that impair a CPA's independence. Learn about the seven potential threats to independence; the means of evaluating when those threats exceed an acceptable level; how to identify and evaluate existing safeguards; and how to develop additional safeguards. Finally, we'll address how a CPA might document compliance with ethical requirements to enhance the CPA's system of quality control and satisfy peer reviewers.