Overview
Practitioners need to exercise caution to ensure they maintain independence as they assist their clients with reviews, audits, and compilation engagements. This course provides a roadmap to best practices and guidance provided by the AICPA's Code of Professional Conduct and analyzes and applies it to actual scenario-based case studies, providing accounting professionals with ethical standards to integrate into their practices.
Objectives
- Apply key strategies in maintaining independence in client engagements
- Assess circumstances that threaten independence
- Understand how safeguards may reduce independence threats to an acceptable level
- Apply ethical guidance to scenarios that accounting professionals may encounter in public practice
Highlights
- Provide best practice tips and practical strategies for preserving independence when assisting clients with technical matters
- Discuss the principles of professional conduct
- Address compliance with professional standards
- Use case studies to address circumstances that may create threats to independence
