Join us for a learning event like no other as we take a tour of a local brewery and learn more about the process by which Michigan craft beer is made. Enjoy networking with your peers as you munch on appetizers and taste the taps and then enjoy a 100-minute Ethics session.
In the ethics session:
- Apply key strategies in maintaining independence in client engagements
- Better understand the AICPA's Code of Professional Conduct
- Assess circumstances that threaten independence
- Understand how safeguards may reduce independence threats to an acceptable level
- Recall sections of Michigan Statute and Administrative rules affecting their CPA License.
This join session features two separate 50-minute ethics sessions offered together in one program. Topics discussed will be:
Upholding Independence While Holding Your Client's Hand
Many
entities look to their CPA as a trusted advisor when tackling complex accounting
topics. This is more relevant now than ever. The FASB's big three accounting
pronouncements involving revenue recognition, leasing and credit losses have
placed a magnifying glass on this reality. Practitioners need to exercise
caution to ensure they maintain independence as they assist their review and
audit clients with such matters, as well as with compilation engagements. This
course addresses these issues and explores best practices and guidance provided
by the AICPA's Code of Professional Conduct.
Michigan Specific Ethics - The Impact of State Statute &
Administrative Rules on Your CPA License
Explore matters such as qualified CPE, firm licensure
requirements, prohibited conduct and more. We guide you on a deep dive into
Michigan’s accountancy law and administrative rules to help you steer clear of
any violations. Explore case studies and ask the experts your questions about
licensure and compliance with Michigan’s accountancy act.
Prerequisites:
Basic knowledge of professional ethics in accounting
Advanced Preparation:
None
Upholding Independence While Holding Your Client's Hand
- Discussion of circumstances that may cause recent FASB pronouncements to introduce threats to independence
- Review the AICPA's Code of Professional Conduct
- Provide best practice tips and practical strategies for preserving independence when assisting clients with technical matters.
Michigan Specific Ethics
- Common issues facing Michigan CPAs such as:
- Firm licensure and ownership requirements
- The practice of public accounting
- Confidentiality, disclosure of information and record retention
- CPE requirements and license renewal FAQs
- Common licensing issues and misconceptions
CPAs in public practice and members in industry
- Regulatory Ethics
- Christopher J. Harper
Member
Non-Member