Understand auditing independence violations by analyzing real-life case studies.
This course is designed to give practitioners insight into what can go wrong when it comes to independence. Throughout this course we will examine the disciplinary notices related to Rule 204 that sets out the standards that CPAs must uphold to maintain their independence in any audit and assurance engagement.
By analyzing disciplinary notices, participants will understand what type of circumstances lead to independence violations, how these impact conduct on the engagements and the overall process used to discipline independence related misconduct.
Practitioners will understand how disciplinary panels judge misconduct incidents and the types of remedial and disciplinary actions delivered by the Professional Conduct Committee. The course will also include a whitepaper that summarizes the research associated with Rule 204 including summary insights and a “cheat sheet” reference guide.
- Understand the importance of maintaining independence and objectivity with clients
- Gain insight into how practitioners can lapse into bad judgement
- Recognize the severity of impacts of failing to meet independence standards
- Learn how to avoid putting yourself in a situation that could result in independence issues
WHO WILL BENEFIT
CPAs looking to understand the serious impact of infringing upon Rule 204 violations on clients, practitioners and the accounting profession at large.