Audit 301: Code of Professional Conduct - Key for Auditors

Professional Requirements for Assurance Providers, Including Independence - Understanding Critical Code of Professional Conduct Concepts will dig deeper into important foundational principles, primarily focusing on threats to independence and how to avoid or appropriately safeguard them. The AICPAs Code of Professional Conduct provides guidance for ethical business conduct, as well as other potentially relevant ethical requirements from the PCAOB and international bodies. An important pillar of any Code of Professional Conduct is the rules governing independence when performing attest services, particularly when both attest and non-attest services are provided. Note: This course is recommended as a part of a 16-hour audit skills curriculum for in-charge or supervisor auditors, while it is also appropriate for anyone who has audit or attest engagement responsibilities. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Presented by Jennifer F. Louis, CPA

Anyone who provides audit and attest services requiring independence

Upon completion of this course, you will be able to...

• Recall the Conceptual Framework that should be applied to evaluate compliance with principles of any Code of Professional Conduct
• Identify threats and safeguards relating to performing both attest and non-attest services for clients
• Recall other common independence threats and how to eliminate or mitigate them to an acceptable level

The major topics covered in this course include:

• Overview of the Conceptual Framework approach to identify threats to principles of the Code of Professional Conduct
• Familiarity, self-interest, self-review and other independence threats
• General requirements and management responsibilities when performing both attest and non-attest services for the same client
• Safeguards for common independence threats

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