Description: This course will focus on how to integrate integrity, objectivity, independence, and avoiding conflicts of interest in situations faced by the accounting professional on a daily basis. The participant will be able to know not just “what is the right thing to do” according to the AICPA Code of Professional Conduct but how to put your values into action! As part of this course, we will also walk-through real-world examples of individuals and companies faced with these dilemmas.
Learning Objectives: By the end of the course, the participant will be able to:
1. Be able to define integrity and objectivity as promulgated by the AICPA Code of Professional Conduct and understand its importance to the CPA.
2. Have the ability to identify situations where the CPA may be susceptible to subordinating his/her judgment to a client or employer
3. Have the ability to define independence as promulgated by the AICPA Code of Professional Conduct and understand its importance to the CPA.
4. Be able to ascertain situations which could threaten a CPA’s independence.
5. Understand how conflicts of interest and the use of contingency fees can subvert independence.