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.

Prerequisites

None

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

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