Overcoming Ethical Challenges in Attest Engagements
Solutions for Implementing AICPA Interpretation 101-3
Recording of a 100-minute teleconference with Q&A
Conducted on Wednesday, October 3, 2007
Recorded event now available
Description
AICPA's Ethics Interpretation 101-3 for independence in providing attest services continues to vex many accounting firms. The onus is on the firm to objectively assess its independence and persuade its attest clients to agree to implement necessary steps on their end.
Firms must develop proactive strategies to avoid ethical violations, minimize administrative hassles and miscommunications, and cope with clients who are unprepared or unwilling to cooperate.
Listen as our panel of accounting veterans, each of whom is experienced in analyzing ethical standards for the profession, offers you solutions for working through ongoing difficulties with implementing Interpretation 101-3.
Benefits
Our panel will address these and other key ethics-related issues:
- Assessing independence - Make sure that you are current on all services that the AICPA asserts would compromise the independence of an attest engagement.
- Avoiding extreme steps - Find alternatives to knee-jerk steps like "we're not independent" declarations in compilations.
- Finding documentation alternatives - Spell out engagement terms in an internal memo or a modified engagement or representation letter.
- Working with clients - Persuade clients to sign internal documents and to prepare controls, and help clients that may be unprepared to take on those duties.
- Leveraging advantages - Fortify your defense against malpractice claims by adhering to Interpretation 101-3.
Faculty
Raymond M. Nowicki,
Partner
Nowicki & Co., Buffalo, N.Y.
He is a former member of the AICPA's Peer Review Board. He has over 20 years of experience as an advisor to businesses on tax and accounting issues.
D. Scot Loyd,
Partner-In-Charge,Governmental Practice
Swindoll Janzen Hawk & Loyd, McPherson, Kan.
He has been a partner with the firm since 1990. He has been extensively involved with the AICPA's ethics executive panel. He works on audit, budget and consultation for municipal governments.
Cathy Allen,
President and Founder
Audit Conduct, South Setauket, N.Y.
Her firm consults on auditor independence and ethics. Previously, she was a senior staffer in the AICPA's Professional Ethics Division and Director of Independence with two Big Four firms.
Lisa Snyder,
Director, Professional Ethics Division
AICPA, New York
Ordering
Recorded Event
Includes full event recording plus handouts (available after live seminar).
CPE: Self-study CPE is not offered on recorded events.
CD $49.00
plus $9.45 S&H
Available ten business days after the live event
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CPE Credit
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Customer Reviews
I especially liked the examples illustrating the topics concepts.
Melinda Tompkins
Holly Corporation
All of the speakers were very informative, and being able to ask questions was very helpful.
Larry V. Smith
Jackson Walker
I felt the presenters were very knowledgeable and I liked that they discussed real situations. This was definitely one of the more worthwhile presentations.
Kathleen Mellon
YoungBasile PC
I found the content very useful and was impressed by the high quality of each speaker's ability to articulate his presentation.
Andrew Lillie
Hogan & Hartson
I liked the topic and the tools provided in the handouts.
Mildred Johnson
Texas Tech University Health Sciences Center
Accounting Advisory Board
Partner
Making Auditors Proficient
Stephen Bodine
Audit & Accounting Principal
LarsonAllen
Alicia Dias
Audit Manager
Brown/Armstrong
Richard H. Gesseck
Partner
J.H. Cohn
Partner-In-Charge, Internal Audit & Risk Management
Eisner
Greg Goller
Partner-in-Charge, Non-Profit Tax Practice
Grant Thornton
Lynford Graham, CPA
Professor of Accounting
Bentley University
Shareholder
Roth & Co. CPAs
Steven J. Luber
Senior Manager
PricewaterhouseCoopers
Gary O'Krent
Shareholder
Bluestein O'Krent & Bluestein
Curtis Reinhart
Partner
Ernst & Young
David Riley
Independent CPA and Consultant
Tax Partner
Morgan Lewis
Charles (Chip) Schweiger
Audit Services Partner
Grant Thornton
Chris Stanz
Principal, Non-Profit and Government Practice
LarsonAllen
Principal
Strand and Associates
Director of Business Development
Insight Accounting Group
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