March 14, 2023

Webinar

1 Total CPE Credits

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Webinar (CPA Crossings): The GAAP Between Legal and Illegal: Financial Self-Reporting

  • Instructor

    Albert Spalding

Some illegal acts have a direct and material effect on the determination of financial statement amounts, and must be addressed from both an auditing (GAAS) and disclosure (GAAP or IFRS) standpoint. This workshops addresses the tension between confidentiality and loyalty, on one hand, and disclosure requirements on the other, faced by accountants at public accounting firms and in business and industry.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives

  • Understand and articulate the tension between the professional duty of loyalty to client and employer, on the one hand, and the duty, under the appropriate circumstances, to investigate and possibly disclose illegal activities, on the other.
  • Recognize typical situations that call for an attempt by auditors to determine whether reportable illegal acts have occurred.
  • Suggest tasks such as reading minutes, making inquiries of management and the client’s legal counsel, examining supporting documents, and testing the details of transactions and balances with third parties, in an effort to detect or investigate possible misstatements resulting from illegal acts.

Major Topics

  • Corporate Duty to Disclose Illegalities
  • Auditor Duty to Investigate Potential Illegalities
  • Whistleblower Protections
  • Cases and Controversies

CPE Credits Available

1
Total CPE
1
Accounting

Things to Know About This Course

Course Level

  • Basic

Prerequisites

None

Advanced Preparation

This webinar is produced by CPA Crossings. You will receive your login link/instructions and Certificate of Attendance directly from this third-party vendor. It is important that you review your COCPA confirmation for details on receiving your login instructions and COA from said vendor.

Intended Audience

All accounting professionals.

Provider

CPA Crossings, LLC

This event has ended.