Ethical Responsibilities for CPAs: Ethics

Description

Keep current on ethical requirements imposed by standards-setting organizations and legislative action. Discuss regulatory, legal and ethical requirements affecting the profession. Take a pragmatic approach to ethics, recognize potential regulatory problems, and avoid liability.

Highlights

• Ethical Responsibilities for CPAs
• The AICPA CODE OF Professional Conduct
• PCAOB Ethical Standards
• The Sarbanes Oxley Act
• The Foreign Corrupt Practices Act
• Circular 230 for Tax Practitioners
• The Dodd Frank Banking Reform Act

Objectives

• Discuss and analyze situations where terminating an S corporation election could be desirable.
• Consider common situations where S-election may involuntarily terminate.
• Understand the process and tax planning opportunities related to a voluntary revocation.
• Evaluate complications related to mid-year termination of S corporation status.
• Discuss and evaluate limitations on re-electing S corporation status.
• Consider recent and proposed legislation which could affect the decision to make or terminate the S corporation election

Designed For

CPAs and tax practitioners.