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OnDemand Course

Taxation and Accounting Conflicts of Interest

Accountants working in various disciplines have been involved in litigation resulting from or exacerbated by a conflict of interest or the appearance of a conflict of interest. Failure to identify an actual or potential conflict of interest and to disclose or avoid it can lead to expensive legal fees, loss of a client or employment, a claim against malpractice insurance, bad publicity, or an unflattering and enduring case study in a business school textbook.

The absence of any conflict of interest is a prerequisite to achieving the professional integrity, objectivity, and independence required by various rules regulating the professional conduct of an accountant. Rules from many sources govern the professional conduct of an accountant. Federal and state legislatures, Federal and state governmental agencies and boards, securities exchanges, national and state societies, and various professional organizations promulgate rules governing the professional conduct of accountants. An accountant's firm or other employer may have rules regarding conflict of interest. Different rules may govern different services offered by accountants (such as audit, tax, and nonattest services) whether in public accounting, in government, or in a business or a not-for-profit organization.

This OnDemand Webinar provides critical knowledge necessary for accounting professionals to identify situations where a conflict of interest may exist and helps identify the relevant rules governing a situation. It also helps an accountant determine whether an accountant can be protected from a conflict of interest or whether a conflict of interest must be eliminated or disclosed.


Runtime: 84 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

How Do I Identify a Conflict of Interest?

  • Definition
  • Relationships
  • Confidentiality

What Rules Prohibit a Conflict of Interest?

  • Audit
  • Tax
  • Other Areas of Practice or Employment

What Are My Alternatives If a Conflict of Interest Exists?

  • Withdraw
  • Waiver
  • Indemnification
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on March 28, 2012.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Adam J. Myers, III, JD, CPA

Texas A&M University

Adam Jerome Myers III, JD, CPA

  • Senior lecturer, Texas A&M University, Mays Business School
  • Teacher of graduate courses in accounting ethics, taxation, and financial accounting
  • Public accounting, internal audit, fraud investigation, and accounting management experience; corporate finance and business transactions law practice experience; experience as neutral arbitrator of commercial disputes and securities disputes; experience teaching law students accounting and the law of business, taxation, and estate planning
  • Wrote articles about legal issues involving accountants, including an influential article cited by state and federal appellate courts
  • Member of the State Bar of California, American Institute of Certified Public Accountants, National Association of Black Accountants
  • J.D. degree, Harvard Law School
  • B.S. degree, Pennsylvania State University
  • Can be contacted at [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • Course Manuals
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  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

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Product ID: 388155
Published 2012
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