Professional Requirements for Assurance Providers, Including Independence - Understanding Critical Code of Professional Conduct Concepts will dig deeper into important foundational principles, primarily focusing on threats to independence and how to avoid or appropriately safeguard them. The AICPAs Code of Professional Conduct provides guidance for ethical business conduct, as well as other potentially relevant ethical requirements from the PCAOB and international bodies.
DESIGNED FOR
Anyone who provides audit and attest services requiring independence
BENEFITS
Upon completion of this course, you will be able to...
- Recall the Conceptual Framework that should be applied to evaluate compliance with principles of any Code of Professional Conduct
- Identify threats and safeguards relating to performing both attest and non-attest services for clients
- Recall other common independence threats and how to eliminate or mitigate them to an acceptable level
HIGHLIGHTS
The major topics covered in this course include:
- Overview of the Conceptual Framework approach to identify threats to principles of the Code of Professional Conduct
- Familiarity, self-interest, self-review and other independence threats
- General requirements and management responsibilities when performing both attest and non-attest services for the same client
- Safeguards for common independence threats
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None