Event Description

The Professional Ethics Executive Committee (PEEC) interprets and enforces the AICPA Code of Professional Conduct, which provides guidance for ethical business conduct. A pillar of the Code of Professional Conduct is the rules governing independence when performing attest services, particularly how to safeguard independence when both attest and non-attest services are provided.

Designed For

Accountants with at least six months professional experience

Objectives

• Explain the PEEC Independence Conceptual Framework
• Discuss threats and safeguards relating to performing both attest and non-attest services for clients
• Explain other common independence threats for non-issuers

Major Subjects

• Overview of the PEEC Conceptual Framework
• Familiarity, self-interest, self-review and other independence threats
• General requirements and management responsibilities when performing both attest and non-attest services
• Safeguards for common independence threats

Prerequisites

Familiarity with SASs and FASBs

Instructions

None