Overcoming Ethical Challenges in Attest Engagements
Solutions for Implementing AICPA Interpretation 101-3
Recording of a 100-minute CPE 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
NASBA CPE Sponsor
Strafford is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417 or by visiting www.nasba.org.
CPE Credit
Strafford is a NASBA CPE sponsor and our live seminars qualify for CPE credits. They offer you a high quality, cost effective, and convenient CPE option, with no lost travel time or expenses.
Customer Reviews
Right on point … a great summary of what professionals are required to know.
George R. Paulick
Urish Popeck
Knowledgeable speakers with excellent presentation skills and materials.
Sarah C. Harlan
Sarah C. Harlan, CPA
Concise and to the point. Moved through the materials in an efficient and logical manner.
Richard L. Hawkins
Geffen Mesher & Co.
I loved the tools and handouts. Every CPE class should offer these kind of tools.
Jackie Meyer
Sample and Bailey
The information was covered in a concise manner without a lot of repetition.
Marilyn Ross
Atkinson & Co
Accounting Advisory Board
Partner
Making Auditors Proficient
Stephen Bodine
Audit & Accounting Principal
LarsonAllen
Alicia Dias
Audit Manager
Brown/Armstrong
Partner
UHY
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
Carl Lacher
President
Lacher McDonald & Co.
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