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The GAAP Between Legal and Illegal: Financial Self-Reporting Webinar

CPE

When
July 15
3:30 - 4:30 p.m.

CPE Credits
1-A&A

Details

 Pricing

PICPA Member: $39 | Nonmember: $74


 More Information

Course No.
MIASGBP1
Level
Basic
Prerequisites
None
Note
This webinar is hosted by PICPA's partner, CPA Crossings, LLC. After registering, you will receive an email from messenger@webex.com with the log-in information.

Description

Some illegal acts have a direct and material effect on the determination of financial statement amounts, and must be addressed from both an auditing (GAAS) and disclosure (GAAP or IFRS) standpoint. This workshops addresses the tension between confidentiality and loyalty, on one hand, and disclosure requirements on the other, faced by accountants at public accounting firms and in business and industry. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Learning Objectives:
  • Understand and articulate the tension between the professional duty of loyalty to client and employer, on the one hand, and the duty, under the appropriate circumstances, to investigate and possibly disclose illegal activities, on the other.
  • Recognize typical situations that call for an attempt by auditors to determine whether reportable illegal acts have occurred.
  • Suggest tasks such as reading minutes, making inquiries of management and the client's legal counsel, examining supporting documents, and testing the details of transactions and balances with third parties, in an effort to detect or investigate possible misstatements resulting from illegal acts.

Highlights

  • Corporate Duty to Disclose Illegalities
  • Auditor Duty to Investigate Potential Illegalities
  • Whistleblower Protections
  • Cases and Controversies


Speaker(s)

Albert Spalding

Dr. Albert Spalding is on the accounting faculty of the Mike Ilitch School of Business, where he teaches in the Master of Science in Accounting and MBA programs. “Bert” Spalding in an attorney-CPA and holds graduate degrees in business, law, psychology, philosophy and theology. He also holds the CFF (Certified in Financial Forensics) credential from the AICPA. His seminars and webinars

are known for their emphasis on real world cases involving accountants who are faced with ethical and technical conflicts and dilemmas. Professor Spalding has authored several books and dozens of articles on ethics as well as on tax, forensic, fiduciary and financial accounting topics.

 


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