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CPE Self-Study

Real-World Business Ethics for CPAs in A&A

  • $109.00-$139.00
    Real-World Business Ethics for CPAs in A&A Online Access Product #: 163802
    AICPA Member: $109.00
    Non-Member: $139.00

Requirements for CPE in ethics vary from state to state. Please contact your state board to confirm your requirements.

This CPE course provides case studies drawn from real-life situations involving CPAs in accounting and auditing practices. Take a proactive, risk-avoidant stance by identifying common pitfalls and presenting alternative courses of action. Explore ethical issues in the context of actual regulatory and court proceedings that were resolved both in favor of and against A&A professionals in public practice. Study real-world A&A cases that explore the professional responsibilities of engagement and engagement quality review partners, managers, and staff in the context of key A&A ethical matters such as: independence, permitted and prohibited services, earnings management issues, records management, and client confidentiality. Consider these issues in relation to key A&A topics faced by every business and their professionals, such as revenue recognition, materiality, controls and procedures, and financial reporting questions or failures.

Key Topics:

  • Analysis of ethical requirements from standard setters
  • Fact patterns from situations faced by CPAs in public practice
  • Special ethical issues in select areas: revenue recognition, materiality, permitted services, client confidentiality, and independence

Learning Objectives:
This course will prepare you to:

  • Recognize independence issues associated with strategic alliances, joint marketing relationships, and referrals
  • Recognize how management integrity issues affect audit scope and procedures used by forensic investigators
  • Recognize the consequences of a CPA violation of the SEC’s professional conduct standards

Who Will Benefit?
CPAs in public practice who provide financial accounting and reporting services and CPAs in public practice who audit both private and publicly held companies

Prerequisite:  Experience in business and financial reporting

Advance Preparation: None

System Requirements

About the Authors

Robert Walter, J.D.

Denver, Colorado

Bob Walter has for over 15 years served as an instructor for AICPA in the U.S. and internationally, and leads classes on topics including fraud, business law, big data, employment law, finance, securities (SEC and PCAOB matters), ethics, internal controls, and independence. In 2013, 2014 and 2015, Bob received the Outstanding Discussion Leader award from AICPA. This award, based on ratings of CPA class participants, placed him among the top 10% of AICPA CPE instructors nationally. Bob loves to teach and believes that adding value for class participants is not a duty, but a joy!

Bob has authored seven 8-hour continuing education courses for AICPA, including Employment Law Update: Key Risks and Recent Trends (March 2016); Advanced Business Law for CPA's (July 2013 and updated annually), Tough Economic Times, Current Issues, and Critical Ethical Judgments (May 2009), AICPA's Annual Business Law Update (May 2005), Real World Business Ethics: How Will You React? (May 2003 and updated annually), AICPA's Guide to Financing the Small Business: Sources, Strategies and Disclosures (May 2002), and Public Reporting Responsibilities: Putting Your Best Foot Forward (Sept. 2000). Since 2002, Mr. Walter has authored six books on these and related topics published by AICPA, Commerce Clearing House, Barron's Business Library, and Aspen Publishers.

Since 2011, Bob also has served as a senior instructor for IASeminars of London, England, teaching CPE courses for CPAs, Chartered Accountants, and financial officers in London, Geneva, and Toronto. Bob has authored four multi-day CPE courses for IASeminars, including Detecting and Investigating Financial Statement Fraud, SEC Reporting for International Companies, Management's Discussion and Analysis: A Workshop, and SEC Reporting for Canadian Companies. Bob is currently preparing three additional multi-day CPE courses for IASeminars, including a course on detecting and investigating corruption and bribery.

Bob has over 30 years' experience as counsel representing corporate clients and investment banking firms in a wide variety of public and private financing transactions. Recently, his practice has expanded to include representation of whistleblowers in referrals to the Securities and Exchange Commission, and he now represents whistleblowers in five separate SEC referrals. He also represents public and private companies in business combinations, asset sales, and change of control transactions, and conducts internal investigations on behalf of audit committees.

In 2004 and 2005, Bob was appointed by the Public Company Accounting Oversight Board (PCAOB) to a two year term as a member of its Standing Advisory Group. Bob holds a B.S. degree in business from Colorado State University and a Juris Doctor degree from the Duke University School of Law. Mr. Walter is a member of the Colorado Bar and the District of Columbia Bar, and is admitted before a variety of Federal and State Courts, including the U.S. Supreme Court.



Robert Walters, Esq., JD



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.