This course will help you to stay current on recent changes to the AICPA Code of Professional Conduct, as well as keep you abreast of emerging trends in ethics standards and regulatory initiatives and their potential impact on your practice. We will also explore frequent practitioner ethics compliance challenges, including competence, due professional care, audit quality, and independence. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation you will be able to...
- Recognize the ethical challenges created by emerging technologies such as artificial intelligence and the foundational principles included in the Code of Professional Standards.
- Recall the ethical imperative to remain competent in this new environment in order to serve in the public interest.
- Consider whether current ethics standards address all of the challenges associated with data privacy and security.
Major Topics
The major topics covered in this class include:
- Basic requirements included in AR-C Section 60, General Principles; AR-C Section 70, Preparation of Financial Statements; AR-C Section 80, Compilation Engagements; and AR-C Section 90, Review of Financial Statements.
- New requirements included in SSARS No. 25, Materiality in a Review of Financial Statements and Adverse Conclusions.
- Common peer review findings.
- Practice tips for high-quality engagements.
