Regulatory Ethics Part 2: Independence and Conflicts (Video) (Course Id 2781)

• Who is this course for?
  This course is designed for anyone needing Continuing Professional Education (CPE), particularly CPAs and accounting professionals seeking to strengthen their understanding of independence and conflicts of interest in professional practice.

• What is this course about or what problem does this course solve?
  This course focuses on integrating independence and avoiding conflicts of interest in situations faced by accounting professionals, helping participants understand the requirements of the AICPA Code of Professional Conduct and how ethical dilemmas may arise in real-world scenarios.

• How can the knowledge from this course be used?
  The knowledge gained can be used by accounting professionals to identify threats to independence, recognize conflicts of interest, and apply ethical principles from the AICPA Code of Professional Conduct in daily professional decision-making.

• Why is this course important to a CPA or Accountant?
  This course is important because maintaining independence and avoiding conflicts of interest are fundamental ethical responsibilities for CPAs, and understanding these principles helps protect professional integrity and uphold the standards of the accounting profession.

• When is this course relevant or timely?
  This course is relevant whenever accounting professionals face ethical decisions involving independence, conflicts of interest, or contingency fees in their daily work with clients or organizations.

• How is a course like this consumed or used?
  This course is delivered as a QAS self-study video course that participants complete online, followed by a final exam that must be passed to earn CPE credit.

This course will be focusing on how to integrate independence and avoiding conflicts of interest in situations faced by the accounting professional on a daily basis.   The participant will be able to know not just what is the right thing to do according to the AICPA Code of Professional Conduct but how to put your values into action!   As part of this course, we will also walk through real world examples of individuals and companies faced with these dilemmas.  

Video - NASBA QAS - NASBA Registry - 2781

Course Learning Objectives

1. Have the ability to define independence as promulgated by the AICPA Code of Professional Conduct and understand its importance to the CPA.
2. Be able to ascertain situations which could threaten a CPA’s independence.
3. Understand how conflicts of interest and the use of contingency fees can subvert independence.

Chapter 1 - Regulatory Ethics Part 2: Independence and Conflicts

Chapter 1 Review Questions

Key Terms