Audit 101: AICPAs Code of Professional Conduct Principles

Overview

AICPAs Code of Professional Conduct - Exploring the Foundational Principles Underlying the CPA Profession as a whole will provide an overview of the basic principles of the AICPA’s Code of Professional Conduct with practical implementation examples. CPAs must seamlessly transition to a profession that relies heavily on conformance with technical and ethical standards. It is critical for CPAs to seek to serve the public interest with a strong sense of character, integrity, competence, and due professional care. In addition, CPAs must appropriately safeguard any threats to independence and objectivity. Note: This course is recommended as a part of a 16-hour audit skills curriculum for beginning auditors, while it is also appropriate for anyone who has public accounting responsibilities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

Major topics covered in this course include:

• The AICPA Code of Professional Conduct
• The Conceptual Framework for Independence
• Safeguarding independence when performing both attest and non-attest services
• Real-life difficult scenarios and ethical dilemmas commonly faced by new professionals

Prerequisites

None

Designed For

Accountants who need to understand the foundational principles of the CPA profession

Objectives

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

• Recognize what it means to be a professional
• Identify courteous, conscientious and businesslike behaviors
• Recall the importance of character, integrity and serving the public interest
• Recognize the importance of appropriately maintaining independence and objectivity

Preparation

None