Professional Issues and Ethics Update - Ashland - In Person Only

Overview

1-2:45 Practice Ethics for CPAs in Business and Private Practice

Robert C. Webb / Frost Brown Todd LLP

This panel will discuss the ethical rules that apply to Certified Public Accountants that work in internal roles within a company and CPAs who work in private practice. Specifically, we will review scenarios including (1) an accountant's objectivity and independence, (2) duties to their employer, and (3) duties to third parties, and discuss how relevant ethical rules, such as the AICPA's Code of Professional Conduct, the AICPA Conceptual Framework for Members in Business and private practice, and applicable state law, guide accountants in these scenarios.

2:45-3:15 Networking Break 

3:15-5:00  Professional Issues and Legislative Updates

Darlene Zibart, CPA / Kentucky Society of CPAs

Current trends in business and industry and new KyCPA initiatives.

P. Anthony Allen, Government Affairs Director / Kentucky Society of CPAs

With the 2024 Legislative Session recently concluded, multiple state law changes impacting Kentucky CPAs, attorneys and businesses will be reviewed. Highlights on local, state, and federal law and regulatory amendments that affect the accounting and legal professions will be the primary topics of this session. Specifically noted is House Bill 8 from the 2024 Legislative Session which creates new statutory guidance regarding general power of appointment.

Please remember to print or download course materials prior to event date

Thank you to our sponsors: AssuredPartners

We also offer the opportunity for attendees to take a new professional headshot at our Professional Issues and Ethics Updates. (This is free for KyCPA members (It is a new member benefit) and for non-member attendees there is an additional fee of $50.) If you are interested in taking a new headshot, let us know when you arrive at the registration desk. 

Objectives

• Understand that professional codes of conduct should be followed and sometimes you will still need to make ethical judgments that fall outside of these codes of conducts
• Be familiar with various concepts of Behavioral Ethics and their impact on ethical decision making
• Explore how many recent and past ethical scandals are directly attributed to various biases, pressures, and situational factors through case study and other interactive discussions
• Understand 4 Steps to Acting Ethically