An introduction to AICPA independence rules that takes the learner through (i) the fundamentals, including the conceptual framework and key terms; (ii) rules on financial interests and relationships, and employment, family, business, and other associations with an attest client; (iv) breaches of independence; and (v) rules for nonattest services, including fundamental concepts, general requirements and specific services addressed in the AICPA independence standards. NANO LearningIND-01 Introduction to IndependenceProvides an overview of the independence rules, including why independence is important and the standard-setting bodies and regulators that set and/or impose independence requirements. OBJECTIVES After completing this course, you will be able to recall what independence is, its importance, and application to audit and other attest services. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. $5.00 REGISTER IND-02 AICPA: Navigating the AICPA Code of Professional ConductThis course provides an overview of the structure and content of the AICPA Code of Professional Conduct, which houses the AICPA independence rules and principles. OBJECTIVES After completing this course, you will be able to recall the structure and application of the AICPA Code of Professional Conduct. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. $5.00 REGISTER IND-03 AICPA: Overview and FundamentalsProvides an overview of the AICPA independence standards, including fundamental concepts and terms. OBJECTIVES After completing this course, you will be able to recall the basic components of the AICPA's independence standards, including the key terms. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct $5.00 REGISTER IND-04 AICPA: Conceptual Framework for IndependenceProvides an overview of the AICPA Conceptual Framework for Independence and how to apply it. OBJECTIVES After completing this course, you will be able to identify the steps to apply the Conceptual Framework for Independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct $5.00 REGISTER IND-05 AICPA: Financial InterestsProvides an overview of the AICPA independence rules for financial interests, including mutual funds and interests held through intermediaries such as retirement plans and partnerships. OBJECTIVES After completing this course, you will be able to recognize the types of financial interests in attest clients that may impair independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-06 AICPA: Family RelationshipsProvides an overview of the AICPA independence rules applicable to a family member's interests and relationships with an attest client. OBJECTIVES After completing this course, you will be able to recall when your family's interest in, (or relationship with) an attest client impairs independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-07 AICPA: Other Financial RelationshipsProvides an overview of the AICPA independence rules applicable to other financial relationships such as banking, brokerage, lending and insurance relationships with an attest client. OBJECTIVES After completing this course, you will be able to identify when other financial relationships such as banking, brokerage, lending, and insurance relationships with an attest client impair independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-08 AICPA: Employment RelationshipsProvides an overview of the AICPA independence rules applicable to employment with attest clients. OBJECTIVES After completing this course, you will be able to identify the types of employment relationships between yourself or a family member and an attest client that may impair your independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-09 AICPA: Other Relationships and InterestsProvides an overview of the AICPA independence rules applicable to other relationships and interests with attest clients, such as business relationships, gifts, memberships and litigation. OBJECTIVES After completing this course, you will be able to identify business and personal interests and relationships with an attest client such as business relationships, memberships, gifts & entertainment, and litigation that may impact your independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-10 AICPA: Breach of an Independence InterpretationProvides an overview of the AICPA independence interpretation on addressing a violation of the independence rules. OBJECTIVES After completing this course, you will be able to identify the steps required in applying the AICPA interpretation "Breach of an Independence Interpretation." Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-11 AICPA: Nonattest Services 1Provides an overview of the fundamental concepts and general requirements underlying the AICPA independence rules. OBJECTIVES After completing this course, you will be able to recall the key concepts and general requirements for performing nonattest services for attest clients under the AICPA independence rules. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals $5.00 REGISTER IND-12 AICPA: Nonattest Services 2Provides an overview of the AICPA independence rules applicable to bookkeeping, payroll, tax, and corporate finance services. OBJECTIVES After completing this course, you will be able to identify the types of bookkeeping, payroll, tax and corporate finance services that impair your firm's independence under AICPA rules. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals IND-11 AICPA: Nonattest Services 1 $5.00 REGISTER IND-13 AICPA: Nonattest Services 3Provides an overview of the AICPA independence rules applicable to advisory, investment advisory, benefit plan administration, and business risk consulting services. OBJECTIVES After completing this course, you will be able to identify the types of advisory, investment advisory, benefit plan administration, and business risk consulting services that impair your firm's independence under AICPA rules. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals IND-11 AICPA: Nonattest Services 1 $5.00 REGISTER IND-14 AICPA: Nonattest Services 4Provides an overview of the AICPA independence rules applicable to information system services, hosting services, and cybersecurity advisory services. OBJECTIVES After completing this course, you will be able to identify the types of information technology services that impair independence under AICPA rules. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals IND-11 AICPA: Nonattest Services 1 $5.00 REGISTER IND-15 AICPA: Nonattest Services 5Provides an overview of the AICPA independence rules applicable to internal audit, appraisal, valuation, actuarial, forensic accounting, and employee and executive recruitment services. OBJECTIVES After completing this course, you will be able to identify the types of internal audit, appraisal, valuation, actuarial, forensic accounting, and employee and executive recruitment services that impair your firm's independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES IND-1 Introduction to Independence IND-2 AICPA: Navigating the AICPA Code of Professional Conduct IND-3 AICPA: Overview and Fundamentals IND-11 AICPA: Nonattest Services 1 $5.00 REGISTER QAS Self StudyAICPA Independence: Staff Augmentation ArrangementsIn this course, you’ll learn how to apply a new interpretation of the AICPA Independence Rule that addresses staff augmentation or “loaned staff” arrangements with attest clients. This course incorporates a webinar presented by Cathy Allen on March 9, 2022. OBJECTIVES After completing this course, you will be able to: (i) identify the criteria for loaning your staff to an attest client under the new independence interpretation, and (ii) apply a new provision for loaning staff to an affiliate of an attest client under the Client Affiliates Interpretation. Target AUDIENCE Professionals who need to apply the AICPA independence rules PREREQUISITES Basic knowledge of AICPA independence rules $0.00 REGISTER AICPA Independence: Nonattest Services EssentialsIn this course, which incorporates a webinar presented by Cathy Allen in October, 2021, you will learn about the general requirements and principles in the AICPA’s Code of Professional Conduct for providing advisory or tax services under the independence rules. You will also learn about other professional and regulatory independence requirements that may impact your engagement depending on your client’s industry and reporting requirements. OBJECTIVES After completing this course, you will be able to: (i) recall the AICPA’s independence rules for providing nonattest services to attest clients, and (ii) identify the independence rules and regulations applicable to your clients. Target AUDIENCE Professionals who need current knowledge of independence requirements when performing nonattest services for attest clients $0 REGISTER IPE-01 Independence in Plain English: AICPA FundamentalsThis course provides an introduction to AICPA independence rules that takes the learner through the fundamentals, including the Conceptual Framework, key terms, and rules on financial interests with an attest client. OBJECTIVES After completing this course, you will be able to: (i) recall what independence is, its importance and application to audit and other attest services; (ii) recall the structure and application of the AICPA Code of Professional Conduct; (iii) recall the basic components of the AICPA's independence standards, including the key terms; (iv) identify the steps to apply the Conceptual Framework for Independence; and (v) recognize the types of financial interests in attest clients that may impair independence. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. $20.00 REGISTER IPE-02 Independence in Plain English: AICPA Financial, Employment, and Business RelationshipsCovers a broad array of independence rules under the AICPA Code of Conduct, including financial relationships, employment, family, business, and other associations with an attest client and the Code's interpretation on breaches of independence. OBJECTIVES After completing this course, you will be able to: (i) recall when your family's interest or relationship with an attest client impairs independence; (ii) identify when other financial relationships with an attest client impact your independence; (iii) identify the types of employment relationship between yourself or a family member and an attest client that may impair your independence: (iv) identify business and personal interests and relationships with an attest client that may impact your independence; and (v) identify the steps required in addressing an independence breach. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES Completion of Part 1, AICPA INDEPENDENCE FUNDAMENTALS, is recommended $20.00 REGISTER IPE-03 Independence in Plain English: AICPA Nonattest ServicesProvides an overview of the rules for nonattest services, including fundamental concepts, general requirements and the specific services addressed in the AICPA independence standards. OBJECTIVES After completing this course, you will be able to: (i) recall the key concepts and general requirements for performing nonattest services for attest clients; and (ii) distinguish between the types of nonattest services that impair independence from those that do not under AICPA independence rules. Target AUDIENCE Professionals who need to understand the application of AICPA independence rules to audit and other attestation engagements. PREREQUISITES Completion of Part 1, AICPA INDEPENDENCE FUNDAMENTALS, is recommended $20.00 REGISTER BundlesIndependence in Plain English: AICPAAn introduction to AICPA independence rules that takes the learner through the fundamentals, including the conceptual framework, key terms, and rules on financial interests and relationships with an attest client; employment, family, business, and other associations with an attest client; breaches of independence; and an overview of the rules for nonattest services, including fundamental concepts, general requirements and the specific services addressed in the AICPA independence standards. $50.00 LEARN MORE What is the AICPA conceptual framework?The conceptual framework approach included in these two frameworks is a way of identifying, evaluating and addressing threats to compliance with the rules resulting from a specific relationship or circumstance that is not otherwise addressed in the code.
When should members use the AICPA conceptual framework for independence?1 You can find all ET sections in the AICPA Code of Professional Conduct. For relationships or circumstances that involve threats to independence, you should use the “Conceptual Framework Toolkit for Independence.”
What are the four steps in the conceptual framework for members in public practice?Step 1 — Identify Threats. ... . Step 2 — Evaluate the Significance of a Threat. ... . Step 3 — Identify and Apply Safeguards. ... . Step 4 — Evaluate the Effectiveness of Safeguards. ... . Step 5 — Document Threats and Safeguards (Recommended). What is the last step of the AICPA conceptual framework?2 Steps of the conceptual framework 3 Step 1: Identify threats. 3 Step 2: Evaluate the significance of a threat. 3 Step 3: Identify and apply safeguards. 4 Step 4: Evaluate the effectiveness of safeguards.
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