Upholding Independence While Holding Your Client's Hand

Description

Many entities look to their CPA as a trusted advisor when tackling complex accounting topics. This is more relevant now than ever. The FASB's big three accounting pronouncements involving revenue recognition, leasing and credit losses have placed a magnifying glass on this reality. Practitioners need to exercise caution to ensure they maintain independence as they assist their review and audit clients with such matters, as well as with compilation engagements. This course addresses these issues and explores best practices and guidance provided by the AICPA's Code of Professional Conduct.

Qualifies for IRS PTIN Credit.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• Discussion of circumstances that may cause recent FASB pronouncements to introduce threats to independence
• Review the AICPA's Code of Professional Conduct
• Provide best practice tips and practical strategies for preserving independence when assisting clients with technical matters

Objectives

After attending this presentation you will be able to...

• Apply key strategies in maintaining independence in client engagements
• Use lessons learn to better understand the AICPA's Code of Professional Conduct
• Assess circumstances that threaten independence
• Determine how safeguards may reduce independence threats to an acceptable level

Designed For

CPAs in public practice and members in industry