Dealing with Conflicts of Interest ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
A conflict of interest can compromise a CPA’s integrity or objectivity. In this course, we discuss the rules pertaining to conflicts of interest, the types and severity of the various types of conflicts of interest, and what actions can be taken to prevent or mitigate them. This course also addresses how to disclose and document these conflicts. A number of examples are used to emphasize and explain the concepts covered in the course. NOTE: This course does NOT meet Washington State Ethics Requirements.
Highlights
The role of professional judgment. Examples of conflicts of interest. How to identify a conflict of interest. Severity of conflicts of interest. When to obtain guidance. Conflict of interest safeguards. Disclosing a conflict of interest. IRS conflicts of interest. Specific conflict of interest situations. Obligations to an employer’s external accountant. Services involving advocacy. Conflicts of interest for CPAs in business. Comparing conflicts of interest for CPAs in public practice and in business. Documentation of conflicts of interest.
Prerequisites
None.
Designed For
CPAs, CEOs, CFPs, and other accounting professionals.
Objectives
Recognize the factors involved in determining whether a conflict of interest exists. Recall the types of conflicts of interest. Recognize the safeguards that can be used to avoid or mitigate conflicts of interest. Recall the levels of severity of different types of conflicts of interest.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00