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Live Webcast Replay

Red Flags & the Inquisitive Accountant/Accountants' Non-Disclosure: Recent Cases & Controversies


Total Credits: 8 including 5 Accounting - Technical, 3 Regulatory Ethics - Technical

Average Rating:
   4.3
Category:
Accounting and Auditing |  Ethics |  Partner Produced
Faculty:
Albert D. Spalding Jr., Jr.
Course Levels:
Basic
Duration:
8 Hours
License:
Access for 30 day(s) after program date.

Dates



Description

Although “inquisitiveness” is not explicitly required by the AICPA and MICPA Code of Professional Conduct, generally accepted auditing standards require a certain level of follow-up when "red flags" appear ... especially during an attestation engagement. The principles of integrity, honesty, and objectivity articulated in the AICPA Code of Professional Conduct imply a certain level of curiosity, truth-seeking and inquisitiveness, but these ideals are often difficult to achieve when accountants are under the real pressures of time, budget and deadlines. This seminar considers these difficult accounting and ethics issues. Participants discuss actual court cases as they sort through these issues together.

 

Accounting is an art. It involves the abstraction and communication of information. The value of accounting information, in turn, is often discussed in terms of the extent of disclosure and transparency. All well and good, it seems, until someone decides that a particular set of financial statements is erroneous to the point of being misleading or deceptive. This seminar offers an overview of the theoretical notion of disclosure, followed by a discussion of recent cases and controversies where financial statements (and the accountants associated with them) and challenged in court. Theory tends to clash with practice in these cases. Participants are invited to sort out what is proper disclosure and what is not.

Basic Course Information

Learning Objectives
  • Participants will gain new insights into Inquisitiveness, especially as that virtue interacts with the realities of corporate and accounting firm budgets and profitability requirements. Practical applications will include real-life ethical dilemmas where the level of an accountant's inquisitiveness is challenged.
  • Participants will gain new insights into the notion of disclosure as an idea and as a financial reporting principle. Practical applications will include the analysis of disclosure-related controversies where accountants in industry and in public accounting are challenged. Legal and licensure implications are also addressed.

Major Subjects
  • Curiosity, Truth-seeking, and Inquisitiveness
  • “Required” Inquisitiveness in Attestation Engagements
  • Inquisitiveness and the AICPA Code of Professional Conduct
  • Recent Cases and Controversies
  • Accounting as Disclosure: Theory and Societal Significance
  • Basic Disclosure Accounting and Ethics Rules
  • Efforts to Increase Relevance in Financial Reporting
  • Recent Disclosure-Related Cases and Controversies

Course Materials

Faculty

Albert D. Spalding Jr. Related seminars and products

Associate Professor

Mike Illitch School of Business Administration, Wayne State University, Detroit


Albert “Bert” is an attorney-CPA and holds the Certified in Financial Forensics (CFF) designation from the AICPA.
Professor Spalding serves on the faculty of the Department of Accounting at the Wayne State University Mike Ilitch School of Business…where he teaches business law, tax, forensic and fiduciary accounting -- as well as professional ethics -- in the MS in Accounting and MBA programs.
Bert Spalding has also served on the legal staff of the IRS National Office in Washington, D.C. where he drafted letter rulings, technical advice memoranda, revenue rulings and other pronouncements.
Dr. Spalding holds graduate degrees in accounting, law, psychology, philosophy and theology, and has authored several books and many journal articles on accounting, tax, legal and ethics-related topics. His popular SpaldingCPE seminars, webcasts and self-study courses on ethics and accounting topics are widely received around the State of Michigan as well as nationally.


Dates

Thu, May 13, 2021 - 08:30am to 04:43pm EDT
Tue, Jun 08, 2021 - 09:30am to 05:43pm EDT
Fri, Jun 25, 2021 - 09:00am to 05:13pm EDT
Thu, Jul 22, 2021 - 08:30am to 04:43pm EDT
Mon, Aug 16, 2021 - 08:00am to 04:13pm EDT
Thu, Sep 23, 2021 - 09:00am to 05:13pm EDT
Tue, Oct 19, 2021 - 08:30am to 04:43pm EDT
Thu, Nov 18, 2021 - 08:30am to 04:43pm EST
Wed, Dec 01, 2021 - 08:00am to 04:13pm EST
Tue, Dec 21, 2021 - 08:00am to 04:13pm EST

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation None
Designed For

Professionals who are interested in stepping outside of the narrow confines of the Code of Professional Conduct and taking a fresh look at the professional duty of inquisitiveness. This ethics seminar is designed for all accounting professionals, irrespective of background, specialization, or type of organization with which they are affiliated.

 

Professionals who are responsible for reporting or disclosure and interested in considering more than the narrow confines of AICPA Code of Professional Conduct and GAAP rules.

 

This seminar is designed for all accounting professionals, irrespective of background, specialization, or type of organization with which they are affiliated.


Original Recording Date 05/21/2020
Yellow Book No
Course Developer

Albert Spalding, CPA, JD


Date Added to Catalog 02/26/2020

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints.  anne.taylor@acpen.com, (972-377-8199).


Official Registry Statement

Business Professionals' Network, Inc. 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 website: www.nasbaregistry.org


Instructional Delivery Method

Group Internet Based


Course Registration Requirements

Online Registration


Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.


Reviews

5
4
3
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1

Overall:      4.3

Total Reviews: 32

Comments

Mark R

"The real life case studies helped drive the materials home."

Dean B - Traverse City, Alabama

"Extremely beneficial CPE with real world cases as presented and explained by Mr. Spaulding."

Jonathan S

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Paul R

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Richard B

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Nicole K

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David K - na, Michigan

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