Ethics for Accountants: A Comprehensive Guide
Ethical behavior is crucial for public accountants. They should not only meet certain experience and educational requirements but should also comply with a strict code of conduct. This includes, but are not limited to, integrity, independence, and due diligence.
In this LIVE Webcast, a panel of distinguished professionals and thought leaders will help public accountants understand the important aspects of this significant topic. They will provide an in-depth discussion of the recent developments in the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct and in other ethical standards. Speakers will also offer best practices on how accountants can protect themselves and how to avoid clients' business losses resulting from ethical failures.
Key topics include:
- The AICPA Code of Professional Conduct: Rationale and Philosophy
- Ethical Standards Promulgated by Other Major Organizations
- Recent Trends and Developments
- Examples of Ethics Violations
- Best Compliance Practices
Karen A. Gries, CPA, Principal
- Recognize the need for ethics within our organizations and profession
- Identification of factors impacting ethical behavior
- Become familiar with core values of our profession
Emily Cummins, CPA, CIA, CPCU, CISSP, ARM, ARe, Underwriting Administration Specialist
Church Mutual Insurance Company
- Teaching ethics to students
- Practical benefits of an ethical corporate culture
- CPAs in public practice compared to CPAs in business
- Professional liability insurance claims perspective
Cathy Allen, CPA, Founder / Managing Member
International activity and how that can impact practice in the US
- IFAC’s International Ethics Standards Board for Accountants
- Connection to US standards-setting
- New Code
- Recent projects
- UK audit reform
Developments in the US
- Changes at the US PCAOB
- New board and senior leaders
- 2019 inspections approach
- SEC Chief Accountant’s recent remarks about independence
- Yellow Book (GAO) independence rules
- New independence interpretation on leases
- New interpretation on tax practice quality reviews
- Deferred effective date for hosting services interpretation
Recent enforcement matters
- SEC Accounting and Enforcement Releases involving independence breaches
- Personal independence/quality control
- SEC “custody rule”
- Business relationships
- Nonaudit services
- Audit partner rotation
Emily Cummins (MBA, CPA, CIA, CPCU, CISSP) is a specialist in the underwriting division of Church Mutual Insurance Company, a leading risk and insurance services provider in the religious institutional marketplace and other compatible markets. She joined Church Mutual following a career in tax, compliance, and enterprise risk management at a nonprofit organization. Previously, she worked for Wachovia (Wells Fargo) and Ernst & Young. Emily has degrees from Wake Forest University, George Washington University, and George Mason University. Most recently, she served on the global board of directors for RIMS, the Risk and Insurance Management Society, and as chair of the RIMS board audit committee. Emily has been a panel judge for the U.S. Captive Services Awards, and she was named as one of Insurance Business America’s “Leading Risk Managers of 2018.”
Emily Cummins (MBA, CPA, CIA, CPCU, CISSP) is a specialist in the underwriting division of Church Mutual Insurance Company, a …
Karen Gries is a partner with the CliftonLarsonAllen focusing on the tax implications of exempt organizations. Karen's 25 year public accounting career has been focused on serving the needs of exempt organizations. Her experience includes providing services to a variety of tax-exempt organizations, including charities, social welfare, business leagues and associations, credit unions, health care providers, religious organizations, and others. Her experience also spans many industries such as public charities and private foundations, higher education, health care and senior living, arts and social welfare, etc. Karen provides a broad range of services to tax-exempt clients, including analysis, planning, and reporting of unrelated business income; intermediate sanctions analysis and application including assistance in mitigating an organization's exposure; organizational structures; corporate compliance reviews; joint venture planning to preserve exempt status; consulting on matters of fringe benefits and compensation; applying for exempt status; resolving disclosure issues related to Form 990; and maintenance of exempt and public charity status. Karen is a member of the American Institute of Certified Public Accountants and Greater Washington and Virginia Society of Certified Public Accountants, ASAE and National Association of College and University Business Officers. Karen currently serves on the Internal Revenue Service Advisory Committee on Tax Exempt and Government Entities (ACT). The ACT consists of external stakeholders and representatives who deal with employee retirement plans, tax-exempt organizations, tax-exempt bonds and federal, state, local and Indian tribal governments. She is a frequent speaker on tax exempt issues for the Aging Services of Minnesota and South Carolina, American Institute of Certified Public Accountants, ASAE, Minnesota and Iowa Society of Certified Public Accountants, Minnesota State Bar Association Continuing Legal Education, Nonprofit Financial Group, Wisconsin Association of Homes and Services for the Aging, and other organizations.
Karen Gries is a partner with the CliftonLarsonAllen focusing on the tax implications of exempt organizations. Karen's 25 year public …
Catherine Allen, CPA of Audit Conduct, LLC helps CPAs and others understand and apply auditor independence and professional ethics rules through consultation, training, litigation support and expert services.
Ms. Allen was a Managing Director in PricewaterhouseCoopers, LLP and formerly served as staff to the AICPA Professional Ethics Executive Committee, where she was instrumental in developing standards and tools for the profession like the AICPA Plain English Guide to Independence and the Conceptual Framework for Independence.
She serves on the New York State Board for Public Accountancy, is the Northeast Regional Director of the National Association of State Boards of Accountancy (NASBA) and chairs the NASBA Ethics Committee.
Catherine Allen, CPA of Audit Conduct, LLC helps CPAs and others understand and apply auditor independence and professional ethics rules …
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Method Of Presentation:
NY Category of CLE Credit:
NASBA Field of Study:
Regulatory Ethics - Technical
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About Church Mutual Insurance Company
The mission of Church Mutual is to be the premier provider of insurance services in the religious institutional marketplace and other compatible markets. Church Mutual insures more religious institutions than any other company in the United States. Church Mutual’s focus is on serving faith-based organizations, including places of worship, camps, schools, senior living facilities, denomination and association offices, ministries, and an expanded underwriting appetite of other nonprofits and human services, consistent with Church Mutual’s core principle of “Protecting the Greater Good.”
About CliftonLarsonAllen LLP
CliftonLarsonAllen is one of the nation’s top 10 certified public accounting and consulting firms. Structured to provide clients with highly specialized industry insight, the firm delivers its audit, accounting, tax, consulting, and advisory capabilities from industry-specific perspectives.
CliftonLarsonAllen offers unprecedented emphasis on serving nonprofits and governmental entities, as well as privately held businesses and their owners. The firm has a staff of more than 3,600 professionals, operating from more than 90 offices across the country. CliftonLarsonAllen serves clients globally as the largest independent member firm of HLB International and Nexia International, top worldwide networks of separate and independent professional accounting and business advisory firms. For more information about CliftonLarsonAllen, visitwww.cliftonlarsonallen.com.
About Audit Conduct
Audit Conduct, LLC was founded by Cathy Allen, CPA in 2005 and provides training, consultation and litigation support on professional ethics and auditor independence. Clients include CPA firms, attorneys, professional organizations and accountancy boards, among others.
Clients benefit from the firm’s specialized focus on CPA professional ethics, which is largely driven by Ms. Allen’s broad and varied experience in setting, interpreting and enforcing the accounting profession’s ethical standards, and her extensive network of contacts.
Audit Conduct, LLC 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 submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.