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Author: |
Kelen Camehl, CPA, MBA |
Course Length: |
Pages: 30 ||| Word Count: 12,730 ||| Review Questions: 8 ||| Final Exam Questions: 10 |
CPE Credits: |
2.0 |
IRS Credits: |
0 |
Price: |
$19.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Regulatory Ethics |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses the identification and management of conflicts of interest for CPAs in both public practice and business.
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Frequently Asked Questions: |
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Description: |
This course provides an overview of identifying and managing conflicts of interest in Public Practice vs. Business. This includes a discussion of the types and severity of conflicts of interests for both CPAs in public practice and in business. This course also addresses how to best approach conflicts of interests and presents several case studies and examples for how to prevent these situations. This course also offers best practices that CPAs can apply to prevent or mitigate any negative impacts from conflicts of interest. |
Usage Rank: |
21875 |
Release: |
2024 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Code of Ethics
Internal: California Regulatory Ethics, Review, CPE | Cpethink
Internal: California CPA Ethics Review | Regulatory CPE
External: CPA Journal - “CPAs and Conflicts of Interest”
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
04-Jun-2025 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
Ethics - Identifying and Managing Conflicts of Interest - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives Upon completion of this course, you will be able to:
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Course Contents: |
Chapter 1 - Ethics - Identifying and Managing Conflicts of Interest Course Learning Objectives Course Overview Introduction Examples of Conflicts of Interest Severity of Conflicts of Interest Relevant Standards CPA in Public Practice vs. Business How to Approach Conflicts of Interest Review Questions Case Studies of Conflicts of Interest Providing Services to a Client Seeking to Acquire Audit Client of the Firm Advising Two Clients Both Competing to Acquire the Same Company Providing Services to Both a Vendor and Purchaser in the Same Transaction Preparing Asset Valuations for Two Adversarial Clients Representing Two Clients Concurrently Regarding a Legal Dispute Providing Advice to Client on Competitive Position While Having Interest with Competitor Advising Client on Acquisition the Firm is also Interested in Acquiring Advising Client on Purchase of Product While Having Royalty Agreement Providing Tax or Other Services for Family Members with Opposing Interests Serving in Leadership Role for Two Competing Companies Preparing Financial Statements for Members of Management Seeking Buyout Responsible for and Benefitting from Vendor Selection Best Practices to Avoid Conflicts of Interests Conclusion Review Questions Glossary of Key Terms |
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