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Independence generally implies a CPA’s ability to act with integrity and exercise objectivity and professional skepticism. The American Institute of Certified Public Accountants (AICPA) and other rule-making bodies have developed rules that establish and interpret independence requirements for the accounting profession.
This course discusses the independence requirements of the principal rule-making bodies that public accountants may have to comply with, using plain English instead of technical jargon to help you understand exactly what the requirements are.
Course Series
This course is included in the following series:
7 CoursesAn Auditor's Perspective on...
- Preparing Financial Statements – An Auditor’s Perspective on What Matters Most
- Independence Rules for CPA’s – An Auditor’s Perspective on Significant AICPA, Public Company, Governmental, and International Differences
- Designing and Performing Sampling Plans – An Auditor’s Perspective on Monitoring Internal Controls, Compliance, and the Reasonableness of Account Balances
- FASB ASC Section 205-40: Going Concern Uncertainty – An Auditor’s Perspective
- FASB ASC Topic 470: Debt – An Auditor’s Perspective on Common Balance Sheet Classification Issues
- FASB ASC Topic 820 Fair Value – An Auditor’s Perspective on Determining Fair Value of Non-Readily Marketable Investments
- Recently Issued GAAP Relevant to Small- or Mid-Size Private Companies – An Auditor’s Perspective on What Merits the Most Attention
Learning Objectives
- Discover the importance of the requirement for CPA’s to preserve independence in order to perform audit and attest services
- "Identify the most common significant independence threats, and recognize how rules differ among various standard setting and regulatory bodies
- Explore how reporting entities and external accountants must work together to safeguard against threats to independence in both fact and in appearance
Last updated/reviewed: October 19, 2018
3 Reviews (23 ratings)Reviews
Justin Henry
(Student at Wayland Baptist University)
The messages were clear in the videos. It was easy to understand what was being taught. I also thought that the quiz was helpful to calm me down before the exam at the end.
Anonymous
(CPA, CFE, CGMA)
The course covers the critical points of auditor independence.
Simon Adell
(Chief Financial Officer at Undisclosed)
Very thorough and clear.
Prerequisites
Course Complexity: Intermediate
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .