LF logo
by learnformula
search
Log in
search
Courses/Audit & Assurance/Audit and Assurance Update

Independence Requirements for Auditors

Learn about concepts associated with Independence and rules from the AICPA Code of Professional Conduct and more

Created byMelisa Galasso
4.5
(73 reviews)
IntermediateUpdated Jun 18, 2020
Independence Requirements for Auditors

What You'll Learn

check_circleIdentify independence threats and safeguards.
check_circleApply the AICPA Code of Conduct rules.
check_circleEvaluate financial interest impairments.
check_circleRecognize prohibited non-attest services.
check_circleAddress independence breaches effectively.

About This Course

This course, "Independence Requirements for Auditors," provides the essential knowledge to navigate the cornerstone of the auditing profession: independence. As public trust hinges on an auditor's unbiased judgment, mastering these requirements is paramount.

You will gain a comprehensive understanding of the AICPA Code of Professional Conduct, delving into the critical threats and safeguards conceptual framework. The program will equip you to identify, evaluate, and manage a wide range of scenarios that could impair independence, ensuring compliance and upholding professional integrity. Key learning areas include:

  • Distinguishing core terminology and the application of rules versus the conceptual framework.
  • Analyzing complex financial, business, and family relationships.
  • Understanding independence implications related to employment changes and roles.
  • Addressing challenges posed by non-attest services, gifts, and entertainment.
  • Implementing protocols for managing and rectifying independence breaches, including proper documentation and communication.
  • Exploring recent interpretations and updates concerning leases, hosting services, information systems, and state & local government engagements.

By completing this course, you will be prepared to apply best practices, deliver high-quality audit services, and confidently uphold the public interest.

Your Instructor

Melisa Galasso
Melisa Galasso

CPA and Certified Professional in Talent Development

menu_book10 courses
star404 reviews

Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with over 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting. Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5
Student's Choice
73 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.