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

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 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.