myCPE
myCPE

Nonattest Services – What Are They and Why Do They Matter 1 Credit

Feb 16, 2022, 02:30 PM ET

Nonattest Services – What Are They and Why Do They Matter 1 Credit

  • Rating

    4.6
  • Reviewed on

    January, 2024
  • Subject Area

    Accounting

Select your learning mode

  • Access the course at your convenience
  • Take the assessment test
  • Get your certificate
  • Attend the live interactive session
  • Answer the polling questions
  • Get your certificate
Feb 16, 2022, 02:30 PM ET

Learning Objective

  • To recall what a nonattest service is
  • To identify the impact of nonattest services on independence
  • To recognize ways of communicating and documenting managements responsibilities and acceptance thereof
  • To identify the threats and safeguards relating to performing both attest and non-attest services for clients

Course Overview

Independence is a critical concern for CPAs and is the very foundation of attest services. Independence is a state of mind that permits CPAs to perform without being affected by influences that compromise professional judgment, allowing them to act with integrity and exercise objectivity and professional skepticism. The trust the public places in CPAs makes it important for them to avoid circumstances that could create a conclusion that their objectivity or professional skepticism has been compromised in the work they perform.

When a member provides non-attest services for an attest client, threats to independence may exist. Whether the services can be provided depends on the nature of the services and whether the client is willing and able to meet certain responsibilities. In many cases, safeguards may be put in place so that threats are at an acceptable level and independence would not be impaired.

The interpretations of the “Non-attest Services” subtopic of the “Independence Rule” provide guidance on when non-attest services could or would impair independence. This non-authoritative tool is designed to assist members in understanding the independence requirements related to providing non-attest services and with evaluating threats to independence when providing these services. However, the aggregate effect of performing multiple services of this type may require a more rigorous application of safeguards. Still, the effects of others always impair independence, such as the performance of appraisal, valuation, or actuarial services that entail a significant degree of subjectivity where the results of the service, individually or when combined with other such services, are material to the attest client's financial statements.

The CPA cannot assume management's responsibilities and must be satisfied that the attest client and its management will meet their responsibilities in this area.

Before performing non-attest services, the member is required to establish and document in writing his or her understanding with the client regarding:

  • The objectives of the engagement
  • The services to be performed
  • The attest client's acceptance of its responsibilities
  • The member's responsibilities
  • Any limitations of the engagement

Dive into the world of CPA CPE courses with MY-CPE. Our online courses are here to help you complete your CPA CPE credits seamlessly. We cover a wide range of topics delivered by professional subject matter experts. Forget the traditional way of learning with flexible scheduling and learn at your own pace. Join us and start your journey toward professional growth today!

Podcast Credits

Short Video Credits

On Demand Credits

Live Credits

Enter your qualification details to ensure this course is counted toward your compliance.

Add your qualification details to easily track your compliance. You can also add multiple qualifications for comprehensive coverage.

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

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.

About Instructor

Live CPE/CPD Webinar by Brad Muniz | Ideal for ABV, CFE, CMA, CPA
Brad Muniz

Partner, SobelCo

  • 4.5
  • rating
  • rating
  • rating
  • rating
  • rating

Brad E. Muniz, CPA, Partner in Charge of Accounting and Auditing at Sobel & Company LLC, CPAs, Livingston, services businesses and individuals in the areas of accounting, auditing, tax and business consulting.  Brad has over 30 years of experience in the areas of financial reporting, tax compliance and planning for closely held businesses, SEC registrants, non-profit organizations, individuals, and strategic business planning.  Brad has significant experience in a variety of industries, including broker/dealers, real estate, technology/life sciences, retail, manufacturing, not-for-profit and SEC reporting.

A member of the New Jersey Society of CPAs since 1991. He has served on the NJSCPA Board of Trustees as president, secretary, treasurer and trustee. He served on the Finance, Committee Operations, Chapter Operations, NJ-CPA-PAC and Retirement Savings Plan committees;  and Education Foundation Board of Trustees. He has served as a member of the Scholars Institute Advisory Board; Strategic Planning and Volunteer Relations committees; Accounting & Auditing Standards Interest Group; and as a Scholarship Fund Board of Trustee. In the Morris/Sussex Chapter, he has served as president, vice president, treasurer and director.  He currently serves as Chair of the NJCPA Education Foundation and a member of the Professional Conduct Committee.

He is a member of the Allinial Global and has served on its CPE Committee and as vice chair of the Accounting & Auditing Committee.

In his community, Muniz is a board member for Stickley Museum at Craftsman Farms and served as treasurer for Family Intervention Services, and has served as a board member of for numerous other not for profit organizations, and member of the Knoll Golf Advisory Committee.

Muniz earned his B.A. in accounting from William Paterson University, where he currently serves on the College of Business Advisory and Advancement Board. He and his wife, Diane, reside in Parsippany.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

out of 5

rating rating rating rating rating
1,824 ratings

Excellent

Very Good

Average

Poor

Terrible

MC

Margaret Christiano, CPA (US)

Great seminar for those in public practice that perform attest engagements. Reinforced the non-attest requirements to help with peer review compliance and documenting independence.

DM

Daniel Murray, EA

The speaker on the topic of the non-attest function(s) appears to be an expert on this matter. This is evident from his years of research and direction on this important issue.

Recommended Courses

Artificial Intelligence: What Internal Audit and Cyber Professionals Need to Know

Dec 16, 10:00 AM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CISA
  • CPA/CITP
  • CIA
  • CMA
  • CPA (US)
  • CGMA
  • IAP
  • QIAL
  • CDPSE
  • ITCA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
The Controller's Role in Cash Flow, and Forecasting During Uncertain Times

Dec 16, 11:30 AM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
COVID Compliance Audits - Are You at Risk?

Dec 16, 12:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Sustainability Accounting and Its Influence on Financial Statement Analysis

Dec 16, 01:30 PM ET

  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CFA
  • CGMA
  • IAP
  • QIAL
  • CIPM
  • CBA/MCBA
  • FPAC
  • IA LPA
  • ME LPA
  • DE LPA
Dodging the Scam: Top Occupational Frauds and How to Outsmart Them

Dec 16, 01:30 PM ET

  • CRMA
  • CPA/CFF
  • CFE
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • IAP
  • QIAL
  • MAFF
  • IA LPA
  • ME LPA
  • DE LPA
  • CICA
  • CCS
Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

Exclusive mobile
app for our unlimited
access subscribers

Add qualification to
view credit details

This course is included with,

Individual Subscription

Gain access to everything required for compliance, skill enhancement, and staying ahead of industry trends—all included in the Individual subscription. Here’s what you get:

  • 13,000+ Hours of NASBA-Approved Content
  • 500+ Emerging Subject Areas
  • 50+ State- Specific Ethics Courses
  • 100+ Conferences with Access to Industry Events
  • 250+ FastTrack Compliance Packages

    Pre-selected courses for quick compliance

  • Exclusive Mobile App Access
  • Access to Professional Communities

    Connect with like-minded professionals on Teams.

Trusted by 250,000+ Professionals

trust pilot review google review
Unlimited Access

Ready to Get Started?

Sign up today and begin your learning journey immediately!

card
stripe
$299$199 For 12 Months
Subscribed
Peter purchased a subscription.
Subscribed
Robert purchased a subscription.
Subscribed
Michael purchased a subscription.
Subscribed
Kerry Ann purchased a subscription.
Subscribed
Louise purchased a subscription.
Subscribed
Michelle purchased a subscription.
Subscribed
Shawn purchased a subscription.
Subscribed
GARY purchased a subscription.
Subscribed
Frances purchased a subscription.
Subscribed
Slavena purchased a subscription.
Subscribed
Luciana purchased a subscription.
Subscribed
zahra purchased a subscription.
Subscribed
Joseph purchased a subscription.
Subscribed
Jing purchased a subscription.
Subscribed
Kara purchased a subscription.
Subscribed
Rick purchased a subscription.
Subscribed
Omar purchased a subscription.
Subscribed
Adam purchased a subscription.
Subscribed
Brian purchased a subscription.
Subscribed
Bobby purchased a subscription.
Subscribed
Cynthia purchased a subscription.
Subscribed
Alton purchased a subscription.
Subscribed
Carol purchased a subscription.
Subscribed
Brandon purchased a subscription.
Subscribed
Jennifer purchased a subscription.
Subscribed
WAYNE purchased a subscription.
Subscribed
Ivan purchased a subscription.
Subscribed
Larry purchased a subscription.
Subscribed
Rachel purchased a subscription.
Subscribed
Meredith purchased a subscription.
Subscribed
Luis purchased a subscription.
Subscribed
Margaret purchased a subscription.
Subscribed
Brandon purchased a subscription.
Subscribed
James purchased a subscription.
Subscribed
Timothy purchased a subscription.
Subscribed
MARGHOOB purchased a subscription.
Subscribed
Shevonne purchased a subscription.
Subscribed
Diane purchased a subscription.
Subscribed
Ann purchased a subscription.
Subscribed
Mark purchased a subscription.
Subscribed
Christine purchased a subscription.
Subscribed
Kaitlyn purchased a subscription.
Subscribed
JOSEPH purchased a subscription.
Subscribed
Clint Hangebrauck purchased a subscription.
Subscribed
Peter purchased a subscription.
Subscribed
Vinayak purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
Christian purchased a subscription.
Subscribed
Teresa purchased a subscription.
Subscribed
Tamara purchased a subscription.
Subscribed
Xiao Rong purchased a subscription.
Subscribed
Pei Qi purchased a subscription.
Subscribed
Yaroslava purchased a subscription.
Subscribed
Zhuo purchased a subscription.
Subscribed
Deborah purchased a subscription.
Subscribed
Aaron purchased a subscription.
Subscribed
Ann purchased a subscription.
Subscribed
Wendy purchased a subscription.
Subscribed
Mel purchased a subscription.
Subscribed
Tyler purchased a subscription.
Subscribed
Shanmugasundaram purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
Tiffany purchased a subscription.
Subscribed
Kristen purchased a subscription.
Subscribed
Dorothy purchased a subscription.
Subscribed
Mansoor purchased a subscription.
Subscribed
Hermie S purchased a subscription.
Subscribed
Mary Ann purchased a subscription.
Subscribed
Johnna purchased a subscription.
Subscribed
nancy purchased a subscription.
Subscribed
Rachel purchased a subscription.
Subscribed
Tracy purchased a subscription.
Subscribed
Sommerlyn purchased a subscription.
Subscribed
Roy purchased a subscription.
Subscribed
Sarah purchased a subscription.
Subscribed
Philip purchased a subscription.
Subscribed
Kim purchased a subscription.
Subscribed
Johanna purchased a subscription.
Subscribed
Lesley purchased a subscription.
Subscribed
Amy purchased a subscription.
Subscribed
YUJIUN purchased a subscription.
Subscribed
Christian purchased a subscription.
Subscribed
Marissa purchased a subscription.
Subscribed
Barbara purchased a subscription.
Subscribed
Julie purchased a subscription.
Subscribed
Oscar purchased a subscription.
Subscribed
Twinkle purchased a subscription.
Subscribed
Gabriel purchased a subscription.
Subscribed
Shawn purchased a subscription.
Subscribed
ARNOLD purchased a subscription.
Subscribed
Theodore purchased a subscription.
Subscribed
William purchased a subscription.
Subscribed
OBADIAH purchased a subscription.
Subscribed
Thomas purchased a subscription.
Subscribed
JANICE purchased a subscription.
Subscribed
arthur purchased a subscription.
Subscribed
Jurgita purchased a subscription.
Subscribed
Wajiha purchased a subscription.
Subscribed
Elizabeth purchased a subscription.
Subscribed
Tammie purchased a subscription.