CPE PACKAGES (Incl. Ethics) for Multiple States and Qualifications @ $4/credit. CLICK HERE to view.

2021 CPA Advanced Ethical and Liability Subjects of Conflicts of Interest, Independence, Fiduciary Duty, and Tax Practice Ethics

  • CPA (US)
2021 CPA Advanced Ethical and Liability Subjects of Conflicts of Interest, Independence, Fiduciary Duty, and Tax Practice Ethics

4 Credits

$40

Subject Area

Ethics (Regulatory)

Webinar Qualifies For

4 CPE credit of Ethics (Regulatory) for all CPAs

4 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Upcoming Webinars

Course Description

Accountants perform a wide variety of activities which include, but are not limited to, accounting, auditing, tax, management consulting, and financial management.  However, a professional accountant’s responsibility is not exclusively to satisfy the needs of an employer or professional services client.  One of the distinguishing characteristics of the accounting profession is its acceptance of the responsibility to act in the public interest. 

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.

Key topics: 

By attending this webinar you will gain:

Ability to spot symptoms of an impending reporting or tax ethics or legal complaint. 

  • CPA hot button responsibilities and prohibited conduct described in the new AICPA “recodified” Code of Ethics Rules applied to actual litigated disputes. 
  • An understanding of the various types of potential conflicts of interest and confidentiality dilemmas and how to achieve client “informed consent.” 
  • How the courts and State Board have applied the fiduciary duty status to CPAs creating a very high standard of care and affirmative duties beyond ordinary negligence. 
  • How the AICPA and IRS set a legal ethical structure to regulate a CPA’s tax practice. 

THIS COURSE IS DESIGNED FOR: 

  •  Individual CPAs desiring to refresh their sensitivity of the red flags and danger signals in high risk new client’s engagement acceptance decisions. 
  • CPA firms desiring a focused training workshop for both partners and general staff employees covering the most sensitive ethical dilemmas. 
  • Quality Control Partners reviewing and updating their internal CPA firm ethical principles and procedures.
  • CPAs wanting to receive 4 hours of technical non-statutory CPE in accounting and tax ethics. 

 

Learning Objectives

  • To identify the seven categories of conflict risks and independence threats for a CPA in public practice or business and how to mitigate the situation.
  • To disucss how to create safeguards and the mitigators suggested by the AICPA and prepare and document the appropriate disclosure of risks and safeguards in a given situation.
  • To evaluate situations requiring retaining an independent objective third-party evaluator.
  • To examine significant reasons for a court imposing the higher legal status of a CPA’s fiduciary duty.
  • To identify the standards set by the Sarbanes-Oxley and Dodd-Frank Acts applicable to a CPA serving on a corporate board of directors and/or the audit committee of a client.
  • To get familiarized with Tax practice liability and ethical rules under both Publication 230 and AICPA Tax Standards including new interpretations covering tax-related potential conflicts of interest.

Who Should Attend?

  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Testimonial

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