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CPA Ethics and Liability Advanced Learning (Conflicts of Interest, Independence, Fiduciary duty, and Tax Practice Ethics)

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

Published: June, 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

  • Legalese Disclaimer Disclosure
    10 mins
  • Fiduciary Duty Status Summary
    26 mins
  • Disclosure and Client Consent
    40 mins
  • Business and Industry CPAs
    67 mins
  • Accounting and Hosting Services for Audit Clients
    80 mins
  • CPA Firm Policy
    100 mins
  • Problematic Fiduciary Engagements
    120 mins
  • Directorships
    145 mins
  • Heightened Disclosure
    166 mins
  • SSTS 7 Form and Content of Advice to Clients
    184 mins

Course Description

Accountants perform a wide variety of activities which include, but are not limited to, accounting & auditingtax, 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 online CPE webinar will address a variety of case histories with contributions and insights from Jim's personal experience.

By attending this online ethics course 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 sense 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.

Recommended For

This Online CPE/CE Ethics webinar is recommended for CPAs desiring to satisfy the Ethics requirement and improvise their prudent judgement when interpreting the rules.

Who Should Attend?

  • Accountant
  • Accounting Firm
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

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

Additional details

  • Course Level :
    Basic
  • Credits :
    4
  • 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

James R, CPA

Founder, James R, CPA

James is the President and Owner of James R. CPA, LLC. James is a Certified Public Accountant, He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College. He is a writer and public speaker.  He enjoys writing and teaching review courses because it adds intellectual value to the careers of young professionals. He lives in Seattle, Washington with his wife Doreen, who is also a teacher. Their daughter, Sarah, graduated from Cornell and subsequently earned an MPhil. in Comparative Government from Pembroke College, Oxford, U.K. She is now employed by the U.K. government in high tech city development

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.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • 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

4.5

248 Ratings

Excellent

144

Very Good

80

Average

23

Poor

1

Terrible

0

DM

Drew Mcneish, CPA (US)

Dec 10th, 2021

Amazing!

HFDWG

Hui Fern Dorjee Wangmo Gan, ACCT/BK

Nov 25th, 2021

Great platform and very knowlegeable speaker.

BD

Brad Delauder

Nov 20th, 2021

That was thorough. It's Friday evening and my brain yearns for rest or an adult beverage.

GM

Ghazwan Mikeal, CPA (US)

Nov 13th, 2021

great course

SW

Sandy Wojtysiak, CPA (US)

Oct 26th, 2021

Tough exam but I learned a lot from this video!

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