Auditor

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Over the last year, there have been a number of high profile fraud cases which have brought the critical concept of Auditor Independence front and center. Independence is crucial, as audit teams and CPA’s are responsible for assuring that their clients’ financial statements do not contain material misstatements, whether by fraud of error (as defined by GAO and AICPA standards).

Auditor Independence in 2009: What You Need to Know LIVE Webcast will explore auditor independence issues and the structure of independence standards. Specifically we’ll cover

   - Interpretive guidance of regulatory requirements and analyses
   - Framework for independence
   - Exploration of published reference material/guidance
   - Which non-audit services are allowed and which ones are banned
   - Differences between GAO and AICPA independence standards

This live webcast is a must attend for auditors, CPA’s and any profession interested in areas of auditor independence.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093830
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

 

Featured Speakers for Auditor Independence : What You Need to Know live webcast:


  Event Talking Points (click here to view more)
SEGMENT 1:


Vassilios Karapanos, Associate Chief Accountant,
US Securities and Exchange Commission

1) Goals of the SEC independence standard and auditor and company responsibility in regards
     to preserving the auditor’s independence.
2) SEC sources addressing independence – where you can find more information
3) Overview of Rule 2-01 of Regulation S-X that addresses auditor independence
4) Auditor’s assistance with accounting applications
5) Auditor communications with audit committees, and
6) How to consult with OCA.

SEGMENT 2:


Bella Rivshin, CPA, Associate Chief Auditor,
Public Company Accounting Oversight Board (PCAOB)

- Sarbanes Oxley Act – created PCAOB and gave PCAOB authority to set ethics and independence
  rules for auditors of issuers
- Overview PCAOB interim and adopted ethics and independence rules
  - Interim ethics and independence rules
    - How they interact with SEC independence rules
  - PCAOB adopted ethics and independence rules
  - Overview of specific ethics and independence rules dealing with audit committee communication
    - 3524, 3525, and 3526
- Where to find PCAOB ethics and independence rules
  - Staff questions and answers

SEGMENT 3:


Karen M. Golz, Americas Vice Chair, Independence/Americas Independence,
Ernst & Young LLP

- Importance of auditor independence to the capital markets
- Who sets the auditor independence rules
- Who is responsible to maintain auditor independence
- What should the audit committee, management and the auditor know?

SEGMENT 4:


Russell G Ryan, Partner,
King & Spalding

- When and how does an auditor independence impairment attract SEC enforcement attention?
- What should an auditor expect if there is an SEC enforcement investigation of
  independence concerns?
- What are the typical consequences and penalties -- to the auditor and audit client --
  if the SEC takes enforcement action alleging an independence violation?
- What lessons can be drawn from recent SEC enforcement cases involving auditor
  independence?



US Securities and Exchange Commission
Vassilios Karapanos
Associate Chief Accountant
speaker bio »»

Public Company Accounting Oversight Board (PCAOB)
Bella Rivshin, CPA
Associate Chief Auditor
speaker bio »»

Ernst & Young LLP
Karen M. Golz
Americas Vice Chair, Independence/Americas Independence
speaker bio »»

King & Spalding
Russell G Ryan
Partner
speaker bio »»

Who Should Attend?

- Auditors
- Audit Partners
- Audit Consultants
- Corporate Senior Management
- CPAs
- CFOs
- Comptrollers
- Attorneys

Why Attend?

This is a must attend event for anyone interested in understanding Auditor Independence.
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration Information:                                                                                                                                    



Auditor Independence : What You Need to Know
Speaker Firms, Agency/s and Organization/s:


US Securities and Exchange Commission



Public Company Accounting Oversight Board (PCAOB)




King & Spalding





Media Partner:



AuditNet®, the global resource for auditors has audit programs templates, checklists, guides for setting up an audit department, sample working papers, AudiTalk, a discussion forum for auditors and a virtual audit Library of solutions. For a 30 day free trial to the basic audit programs visit http://www.auditnet.org..








 

The Knowledge Conference 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

 

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In New York, our programs are submitted immediately after the event live date and attendees are sent the approval codes once we receive them from the New York State Bar. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org

 
Enrolled Agents Sponsor ID Number: 760

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