Ethics and Professional Conduct: Updates and Practical Applications

Description

Adherence to the AICPA Code of Professional Conduct is mandatory for AICPA members. Further, the code is the de facto standard for the accounting profession and is recognized by various courts and regulatory bodies. Therefore, maintaining current
knowledge of the rules and how to apply them correctly is imperative. This course offers a timely update and refresher on the AICPA Code of Professional Conduct, covering essential topics such as the conceptual framework, independence provisions for nonattest services, personal independence, and other critical issues. You'll explore the basic tenets of ethical and professional conduct and gain insight into the code's necessity and organizational structure.

Highlights

  • Conceptual Framework
  • AICPA Code of Professional Conduct
  • Independence requirements
  • New interpretations added to the AICPA Code of Professional Conduct

Objectives

  • Recall the structure and content of the AICPA Code of Professional Conduct (the code).
  • Identify the role of professional judgment and critical thinking in applying the code.
  • Apply the conceptual framework approach.
  • Identify independence requirements that apply to different types of client entities.
  • Recall how to address a potential conflict of interest under the AICPA Code of Professional Conduct.
  • Recall new and revised professional ethics interpretations and definitions.
  • Recall recently implemented interpretations on responding to noncompliance with laws and regulations.
  • Recognize how the ethics standards set by the International Ethics Standards Board for Accountants may affect the AICPA Code of Professional Conduct.

Designed For

Individuals who want a refresher course on the AICPA Code of Professional Conduct and licensed CPAs looking to fulfill their ethics
requirement.

Leaders

Mark Conine

Mark currently serves as the President of Arkansas Development Finance Authority (ADFA), where he is responsible for administering the programs of ADFA, the management and day-to-day coordination of all financial activities, including bond issuance and redemption administration and compliance, investment management, agency budget, financial statement issuance, and supervision of the accounting, finance, loan servicing and purchasing departments. He was previoulsy chief financial officer and vice president of finance and administration at ADFA. Prior to joining ADFA Mark served for over 12 years as the Chief Financial Officer of the Arkansas Student Loan Authority (now a division of the ADFA). He has also served in Corporate Tax at Alltel Communications and practiced in the tax group of KPMG, LLP and Ernst & Young, LLP in Little Rock, Arkansas. Mark received a B.A. in Accounting from Ouachita Baptist University and is a licensed Certified Public Accountant and Certified Global Management Accountant. He is a member of the Arkansas Society of Certified Public Accountants and the American Institute of Certified Public Accountants. Mark enjoys serving as a continuing professional education instructor in the areas of fraud, ethics, data analytics, and identity theft for the Arkansas Society of Certified Public Accountants and is a frequent speaker at state and local CPE conferences. Mark was named the Arkansas Society of Certified Public Accountants Mac Angel Discussion Leader for 2018. Mark gives back to his alma mater, Ouachita Baptist University, serving as a member of the Hickingbotham School of Business Alumni Board. Mark also serves on the Board of the Arkansas Baptist Foundation.