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Instructor
Mark Dauberman
Instructor
Examine a CPA’s independence when performing nonattest services for an attest client. Review redefined types of activities and services that impair a CPA’s independence.
The AICPA Code of Professional Conduct has undergone significant recent changes, some effective in 2016, to coincide with the effective date of SSARS No. 21.
Among others, separate sections for CPAs in public practice, industry, and those working in other capacities, including educators. Also, two conceptual frameworks to apply. One concerning the overall Code of Conduct and another related to the evaluation of independence.
Learn the seven potential threats to independence; the means to evaluate when they exceed an acceptable level; how to identify and evaluate existing safeguards; and how to develop additional safeguards.
Finally, address document compliance with ethical requirements to enhance the CPA’s system of quality control and satisfy peer reviewers.
Make certain that you and your firm are in compliance with the revised AICPA Code of Professional Conduct.
Evaluate when the performance of nonattest services have the potential to impair independence.
Identify procedures for complying with and documenting compliance with the AICPA Code of Professional Conduct to avoid performing nonattest services when independence is impaired.
The revised structure of the AICPA Code of Profeseiional Conduct
Understanding and applying the risk based approach and coceptual framework to evluate compliance with the Code of Conduct and, in particular, the independence requirements
Nonattest services that may or may not be performed for an attest client and how they affect independence
Documenting complance with the independence requirements included in the AICPA Code of Professinal Conduct
None
CPAs, accountants and financial professionals.