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Advanced Ethical and Liability Subjects of Conflicts of Interest, Independence, Fiduciary Duty, and Tax Ethics Liability (Latest 2020)

4.5 (225)

Jim Rigos, CPA

Rigos Professional Education Programs

Monday, May 25, 2020 | 10:30 AM EDT

  • CPA

4 Credits

FREE

Subject Area

Ethics (Regulatory)

Course Description

Conflicts of interest are perhaps the most commonly encountered professional ethics issue. The resolution of a potential or actual conflict of interest first requires that the character of the conflict of interest be recognized and disclosed to affected parties. This webinar will address a variety of case histories with contributions and insights from Jim's personal experience. 

This webinar contains all announced AICPA code of ethics “RE-CODIFICATION” and independence changes effective through the end of 2019. This RE-CODIFICATION framework created a new approach of “identifying conflict threats” and creating “mitigating safeguards” which may override traditional conflict of interest and independence prohibitions. Within the webinar, we will also talk about IRS tax practice and Publication 230.

MAJOR TOPICS COVERED : 

  • AICPA, Security Exchange and Commission (SEC), Sarbanes-Oxley, and Dodd-Frank conflict of interest and fiduciary duty rule current through at least December 31, 2019.
  • Reported case studies covering conflicts of interest, independence, confidentiality, and general fiduciary duty liabilities.
  • “RE-CODIFICATION”: AICPA code of ethics framework

There is a substantive overlap between these topics. A sensitivity covering all of our core values is helpful in meeting the public trust and expectations of our profession. This webinar also explores the sensitive standards that may lead to civil litigation and potential professional discipline and contains sample questions and answers applying the theory. The objective is to examine these high-sensitive areas and provide ideas for the inclusion of the firm’s quality control ethics officer. 

This course is designed for U.S. based public accounting firms desiring a comprehensive independence sensitivity training workshop for CPA firm partners, managers, and general professional staff employees. Also, for the CPA firm Quality Control partners reviewing their CPA firm's internal ethical principles and procedures should attend this course.

Learning Objectives

  • Learn how to identify issues involved in making CPA professional accounting independence decisions.
  • Learn how to apply independence, conflict of interest and confidentiality rules to attestation engagements and other public accounting situations.
  • Learn how the new independence rules are a part of the larger firm quality control system and their impact.
  • To understand CPA responsibilities and conduct as per the AICPA Code of Ethics.
  • To get an overview of the increased sensitivity towards accounting independence ethical conflict of interest, confidentiality issues and dilemmas.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Compliance Officers
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Enrolled Agent
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

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    [no_of_record] => 225
    [average] => 4.4578
)
 

4.5

(225)
58%
32%
8%
2%
0%