Show navigation

Live Webinar

90-minute live streaming program
  • October 22
  • 1:00 - 2:30 pm EST

Financial Statement Audits and Ethical Considerations

October 22

Recognize ethical issues and be able to discuss them with your client and your firm.

Increased competition in financial statement audits made public accounting firms more concerned with keeping clients happy and retaining that relationship while maintaining profits. As a result, many accounting firms are doing more with fewer staff while company management need to meet bank covenants or bonus promises. In prosperous times it isn’t really an issue but when the company faces a slow period greed can cross ethical boundaries.

Learning Objectives

  • You will be able to identify the auditors role and why are their ethics being questioned.
  • You will be able to discuss the framework for a code of ethics.
  • You will be able to recognize ethical threats.
  • You will be able to Review ethics regulations of the modern era.

Purchase Options

More Program Information

Why Lorman?

Over 32 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

Overview
  • Overview of Auditors Role and Why Are Their Ethics Being Questioned
  • Accounting Scandals
  • Enron, Kmart, Xerox, etc.
  • What Are Ethics
  • CPA's Have Responsibility That Includes Ethical Behavior, Even at the Sacrifice of Financial Gain
  • Outside Users of Financial Statements Must Have Confidence in CPA
Framework for a Code of Ethics
  • Ethics Regulations of the Modern Era
  • Foreign Corrupt Practices Act
  • COSO/Sarbanes – Oxley
Ethical Threats (With Real Life Examples of Each)
  • Self Interest
  • Inappropriate Influences
  • Self Review
  • Poor Evaluation of Judgement
  • Advocacy
  • Promote Client Where Objectivity Is Compromised
  • Familiarity
  • Close Relationship
  • Intimidation
  • Pressure From Client
Purchase Options

More Program Information

Why Lorman?

Over 32 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

Live Webinar Registration

  • CPE 1.8 including Regulatory Ethics 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Regulatory Ethics for 1.8 hours. Prerequisite: basic knowledge of business financials. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Advisory Services for 1.5 hours.
     

Who should attend?

This live webinar is designed for presidents, vice presidents, accountants, CPAs, controllers, accounting managers, CFOs, directors, business owners and managers, finance directors, and estate and financial planners.

Purchase Options

More Program Information

Why Lorman?

Over 32 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

Michael J. Stevenson, CPA, CFE, CFF, ABV

Michael J. Stevenson, CPA, CFE, CFF, ABV

Clarus Partners

  • Head of business valuation and forensic accounting at Clarus Partners
  • Concentrates time performing litigation advisory services, forensic accounting and expert witness testimony for matters related to business valuations, damages, lost profits, contract disputes, marital dissolution, quality of earnings analysis, and related matters
  • Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), Certified in Financial Forensics (CFF), and Accredited in Business Valuation (ABV) with over 30 years of experience and responsibilities in financial and corporate management primarily in the retail industry
  • M.Acc. degree; B.S. degree, The Ohio State University
  • Can be contacted at 614-545-9100 or [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 32 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
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • 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

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 405432
Published 2019
Purchase Options

Register today before this event fills.