PICPA Ethics Update for CPAs in Public Practice and GASB 87 Webcast

Sep 26
8:00 - 4:00 p.m.

Online

4-A&A; 4-Ethics
CPE Credits

Understand how ethics standards issued by the AICPA and state societies apply to CPA firms. Examine the new codification of professional ethics. Consider how enhanced peer review will affect CPAs who work with closely held businesses. Understand how the transition from operating leases to capitalization affects governmental entities, as well as the similarities and differences between ASU 2016-02 and GASB 87. Learn to separate lease and non-lease components, and the lease capitalization model for lessors. Review GASB’s implementation guidance.
Highlights
  • AICPA ethics requirements for practitioners
  • AICPA restructuring of the ethics code
  • Ethical dimensions of tax preparation and reporting
  • Ethics, gender, and the effects on the workplace
  • Providing advisory services while maintaining independence: Recently revised guidance
  • The public interest and professional ethics: Why conflicts exist
  • Whistleblowing and the auditor
  • The asset-liability approach to leases and its effect on the balance sheet
  • Definition of a lease
  • The control approach to analyzing leases
  • The effect of lease classification on covenants and debt arrangements
  • Embedded and short-term leases
  • Analyzing lease payments, incentives and options
  • Implementing the present value, right-of-use approach
  • Renewal, termination, and other lease specific issues
  • Sale-leaseback, lease-leaseback, and intra-entity leases

Registration

PICPA Member: $139
Nonmember: $189

More Information

Course No. 800201 Level: Update

Prerequisites: None

Notes
Taught by the course author!

Speaker(s)

Ray Thompson

Assoc Professor Accounting & Finance