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Overview

2.0 Credits
ONLINE

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 focus will dig deeper into important foundational principles, primarily focusing on threats to independence and how to avoid or appropriately safeguard them.

Objectives

• 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

Designed For

Anyone who needs to comply with independence rules

Prerequisite

None

Advanced Preparation

None
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