This course addresses the AICPA’s Code of Professional Conduct in an insightful manner using case studies, investigative results, and real-world applications. Information concerning the authoritative nature and application of the Code’s standards are discussed with an emphasis on its application to California licensed CPAs. Students will learn about the basic structure of the Code itself and be introduced to the AICPA’s Principles of Professional Conduct. Topics include independence, integrity, professional competency, due professional care, planning, supervision, gifts, commissions, contingent fees, financial interests, employment, and more.

Upon completion of this 4-hour course, you will identify:

• Standards that govern client request for records and the collection of outstanding delinquent fees;
• Responsibilities you have with clients, employers, and colleagues;
• Non-attest service standards applicable to tax preparation, internal audit outsourcing, bookkeeping, expert witness, and litigation support services;
• Implications for failing to file personal or business tax returns, and for failing to remit payroll and other taxes collected on behalf of others;
• Independence standards that govern investments including those made through mutual funds, retirement accounts, and blind trusts;
• Additional ethical standards recently codified to protect confidential client information upon the sale, transfer, or discontinuance of a practice; and
• New independence standards governing leases with clients.