This course focuses on concepts of due care and client confidentiality as the CPA carries out his/her responsibility to the public. We discuss the CPA’s duty to “blow the whistle” in situations where the professional becomes aware of financial fraud or subversion of the tax rules.
DESIGNED FOR
CPAs, EAs, or other tax professionals
BENEFITS
After attending the presentation you will be able to...
- Be able to define a CPA's responsibility to the public and apply related concepts such as due care and client confidentiality in practice.
- Be able to discuss a CPAs potential duty to blow the whistle in certain circumstances even though it may result in a negative consequence to the whistleblower.
HIGHLIGHTS
The major topics covered in this class include:
- AICPA Code of Conduct: Responsibility to the Public and Due Care
- Case study: Health South
- Returning client records
- Confidential information
- Whistleblowing provisions
PREREQUISITES
None
ADVANCE PREPARATION
None