This revised interactive multimedia online course teaches you and your staff the AICPA, SEC, PCAOB and GAO independence rules in an inventive and creative way. Through interactive case studies, exercises and illustrative graphics, you will learn the most up-to-date AICPA, SEC, PCAOB and GAO rules, including those adopted under the Sarbanes-Oxley Act. The revised AICPA code and conceptual frameworks are explained so that you will be ready to use them once they become effective.
Detailed explanations of the revised AICPA code and conceptual frameworks
Section on affiliates of audit clients
Complete coverage of the Yellow Book, including the new conceptual framework
When you complete this course, you will be able to:
Explain the governance of the accounting profession.
Describe the structure and content of the AICPA Ethics Codification including the underlying principles.
Describe the conceptual framework approach embedded in the Codification.
Assess the importance of independence, when independence is required, and why you must be independent both in fact and in appearance.
Explain the purpose and basic structure of the AICPA Conceptual Framework for AICPA Independence Standards and how to apply it.
Identify the financial, family, and employment relationships that impair independence.
Analyze the non-attest services and business relationships that impair independence.
Evaluate fee issues and their effect on independence and objectivity.
Assess other matters that may affect independence, such as indemnification clauses and litigation.
Apply the additional independence provisions applicable to attest clients subject to SEC, PCAOB, GAO, DOL, and banking and insurance industry requirements.
Who Will Benefit?
CPAs looking to better understand the independence rules.