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Nonattest Services – What Are They and Why Do They Matter

  • Accountant
  • CPA (CA)
  • CIA
  • CPA (US)
  • IAP
  • QIAL
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

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 online CPE course 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 this free CPE webinar for CPAs 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


Click here to access more CPE webinars on Accounting and Auditing.

Learning Objectives

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

Recommended For

This CPE/CPD course for CPAs is recommended for CMA, CIAs, CVAs, and all Other Accounting and Finance professionals providing Nonattest services to their clients.

    Who Should Attend?

    • Accountant
    • Accounting and audit managers/practitioners
    • Accounting Firm
    • Accounting Practice Owners
    • Auditors
    • Certified Management Accountant (CMA)
    • Chartered Professional Accountant
    • CPA (Industry)
    • CPA - Mid Size Firm
    • CPA - Small Firm
    • CPA in Business
    • Forensic Auditor
    • Senior Accountant
    • Staff of Accounting Firm
    • Young CPA

    Course Qualification

    Webinar Qualifies For

    • 1 CPD Credit of Accounting for Chartered Professional Accountant (CPA Canada)
    • 1 CPE Credit of Accounting for Certified Public Accountants (CPA-US)
    • 1 CPE Credit of Accounting for Certified Internal Auditors (CIA)
    • 1 CPE Credit of Accounting for Internal Audit Practitioner (IAP)
    • 1 CPE Credit of Accounting for Qualification in Internal Audit Leadership (QIAL)
    • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
    • 1 CE Credit for Certified Wealth Strategist (CWS)
    • 1 General Credit for Accountant/Bookeeper

    Additional details

    • Course Level :
      Basic
    • Credits :
      1
    • Instructional Method :
      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 through its website: www.NASBARegistry.org.

    Presenter

    About Presenter

    Brad Muniz

    Partner, SobelCo

    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.

    About Company

    SobelCo

    sobelcollc.com

    SobelCo is a certified public accounting & consulting  firm that has specialized in serving middle market  family-owned businesses in the NY/NJ area since 1956.

    We're proud of our mission and proud to be leaders in the community.  We help our clients succeed  by fostering an environment that encourages our staff's personal and professional growth, combined with a passion for the firm’s core values. 

    To accomplish this, we deliver a  range of services including accounting, tax, & business consulting across various industries such as retail, manufacturing, distribution, construction, professional services and nonprofits. In addition,  we offer internal controls, corporate integrity consulting, fraud and forensic services and strategic planning. 

    Our clients appreciate our technical expertise, our business acumen and our industry knowledge - but more than anything they appreciate our hands-on, partner level approach. We want our clients to know they are well-cared for and we work hard to maintain consistent communication with them, meeting with them informally and formally - arranging  scheduled meetings and well as the occasional casual breakfast to discuss an emerging business challenge.

    Our firm embraces core values that guide our actions and define our commitment. These core values reflect the way we treat each other, our clients and our community.  As  a result we have a culture that nurtures staff, provides excellent client service and gives back to our community.

    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.
    • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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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.
    • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
    • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, 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 continuing education requirement as 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.
    • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

    Ratings and Review

    4.6

    741 Ratings

    Excellent

    447

    Very Good

    260

    Average

    32

    Poor

    2

    Terrible

    0

    RR

    Rebecca Rettinger, CPA (US)

    Dec 10th, 2021

    Good information and knowledgeable speaker.

    JD

    Joann Dilley, Accountant

    Dec 9th, 2021

    Excellent information about independence and situations that can be a threat to it. Great information in the slides

    MC

    Margaret Christiano, CPA (US)

    Nov 12th, 2021

    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

    Donald Mullen, CPA (US)

    Oct 12th, 2021

    good

    MY

    Michelle Yue, CPA (US)

    Oct 12th, 2021

    N/A

    Nonattest Services – What Are They and Why Do They Matter

    $10

    1 Credit

    Subject Area

    Accounting

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