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Are You Independent When You Need To Be? Understanding Recent Changes to the AICPA Code of Professional Conduct

  • ACCT/BK
  • CPA (US)
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • The AICPA Code of Professional Conduct
    17 mins
  • Preamble and Responsibilities
    21 mins
  • Objectivity and Independence
    24 mins
  • Independence & the Performance of Nonattest Services
    37 mins
  • Prohibited Services
    55 mins
  • Bookkeeping, Payroll, & Other Disbursements
    61 mins
  • Financial Statement Preparation & Conversion of Cash to Accrual
    74 mins
  • A Risk Based Approach to Evaluating Independence
    86 mins
  • Management Participation
    94 mins
  • Evaluating Threats
    97 mins
  • Breaches of Independence Interpretations
    99 mins
  • Consequences of a Breach
    100 mins

Course Description

The AICPA Code of Professional Conduct (Code) was revised, effective December 31, 2014, with certain provisions effective one year later to coincide with the effective date of SSARS 21. The latter, which were some of the most significant changes, related to independence when performing non attest services for attest clients.  As a result, a CPA may have unknowingly impaired independence leading to a possible modified peer review report or, in some circumstances, increased liability.

This course will review the major revisions to the content and structure of the Code, enabling the CPA to easily navigate through it and address any ethical issues as they arise.  Changes affecting the accountant’s independence will be emphasized, providing a step-by-step process for assuring independence and for developing appropriate documentation.

Highlights of the webinar :

  • Responsibilities
  • Public interest
  • Integrity
  • Objectivity and independence
  • Due care
  • Scope and nature of services

Learning Objectives

  • To recall the revised AICPA Code of Professional Conduct.
  • To identify which non-attest services will impair independence and which may be performed for attest clients.
  • To identify how to evaluate threats to independence when more than one nonattest service is performed for a single attest client.
  • To recognize the way of applying a risk-based approach for evaluating independence.
  • To recognize the approach for documenting the performance of non-attest services to demonstrate that independence has not been impaired.

Who Should Attend?

  • Accountant
  • Accounting Managers
  • Accounting Practice Owners
  • Accounts Director
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Entrepreneurial CPA
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 2 CPE Credit of Ethics (Regulatory) for Certified Public Accountants (CPA-US)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit for Accountant/Bookkeeper (ACCT./BK)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Mark Dauberman, CPA (US)

Owner, Mark Dauberman

Mark provides CPE and technical staff training for CPA firms, private industry, state CPA societies, and government organizations.  His topics include accounting, SSARS, ethics, fraud, internal and external auditing, internal control development (COSO), entrepreneurship, and developing a business plan.  Mark is in the process of initiating a new entity, The Internal Control Institute, which will be offering CPE and staff training related to internal controls, and in conjunction with professors from Claremont Graduate University, will be providing internal control consulting.

Mark is also an expert witness in the defense of CPAs in cases involving primarily ethics, fraud, and compliance with standards in the performance of professional services.

Mark also provides consulting services to CPA firms with an A & A practice that do not have an expert on GAAP or requirements of Professional Standards within the firm.  He addresses such matters as conformity with GAAP, adequacy of disclosures, compliance with professional standards, risk assessment, development and performance of audit and review processes, engagement documentation, compilation and preparation engagements, ethics and independence requirements, assessing and enhancing internal controls for the firm and clients, preparation for peer review, and staff training and CPE.  He also provides consulting services related to client management and marketing.

Mark’s public accounting experience includes working with Kenneth Leventhal & Company and more recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm. Mark’s industry experience includes serving as assistant controller of a large trucking and warehousing firm along with controller and Vice President of Finance and Administration for major real estate development companies.  Mark also spent nearly 30 years as an entrepreneur, operating a company that prepared individuals for the CPA exam nationwide.

Mark has been involved in accounting education at CSU Northridge, CSU San Bernardino, Loyola Marymount University and UCLA.  He obtained his bachelor’s degree in accounting from CSU Northridge. He obtained his Executive MBA at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he previously had been a student of Dr. Drucker’s.  He also obtained an Internal Control Certificate from COSO.  Until recently, he authored “Knowledge Based Preparation, Compilation, and Review Engagements” for CCH and updated their checklists for SSARS engagements.  He also served as Senior Editor for Roger CPA Review.

About Company

Mark Dauberman

www.markdauberman.com

Mark Currently provides CPE and technical staff training for CPA firms, private industry employers of accountants, and government organizations on topics that include accounting, compilation and review, fraud, internal and external auditing, developing internal controls, strategic planning, and practice management.  He is also the Senior Editor for Roger CPA Review Course and authors CCH’s “Knowledge-Based Compilations and Reviews”.

Mark’s public accounting experience includes working with various local firms throughout high school and college, and employment with Kenneth Leventhal & Company. More recently, he was a partner at NSBN, a Beverly Hills CPA and business consulting firm, where he served as director of the audit practice and was responsible for recruiting, training, business development, quality control, and strategic planning for the firm. Mark’s industry experience includes serving as assistant controller of a large trucking and warehousing firm. He has been both a controller and the Vice President of Finance and Administration for major real estate development companies.  Mark also spent nearly 30 years as an entrepreneur, operating a business that prepared individuals for the CPA exam.

Mark taught his first university accounting class in 1969 and has been involved in accounting education since, most recently a visiting lecturer at California State University at San Bernardino.

Mark obtained his bachelor’s degree in accounting from California State University at Northridge. He obtained his Executive MBA at the Peter Drucker and Masatoshi Ito School of Management at Claremont Graduate University, where he previously had been a student of Dr. Drucker’s.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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Ratings and Review

4.5

150 Ratings

Excellent

82

Very Good

59

Average

8

Poor

0

Terrible

1

AF

Ann Fabry, CPA (US)

Nov 11th, 2021

Good material, knowledgeable and enjoyable instructor to listen to. He is enthusiastic about the material which kept me interested as well.

KK

Keith Knabe, CPA (US)

Dec 10th, 2021

Great instructor was able to convey the information quickly and effectively.

KL

Kalianna Lakshmanan, CPA (US)

Oct 22nd, 2021

Excellent

SR

Samuel Robinson, CPA (US)

Aug 24th, 2021

Great Speaker and webinar.

WL

Wendy Lavoie, CPA (US)

Jan 19th, 2022

Not sure I could give any ethics course 5 stars! Instructor was great!

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