GAE2316. Ethics in Practice: Update and Hot Topics

This session will provide you a high-level overview of the independence and ethics standards when serving audit clients subject to Yellow Book requirements, including commonly asked questions and AICPA ethics activities and updates and hot topics relevant to the profession. We will review certain nonaudit services that are prohibited and others that maybe allowable once the services are evaluated under the Conceptual Framework. Discuss best practices and guidance for preparing related independence documentation. Review available resources to assist auditors in complying with the applicable independence standards.

Learning Objectives:

• Identify a high-level understanding of the Yellow Book independence standards
• Identify when to apply the Conceptual Framework when evaluating nonaudit services
• Recognize the AICPA’s recent affiliate definition to State and Local Governments
• Identify a high-level overview of AICPA ethics activities