CPAs in public practice are required to maintain independence. In this course, we will discuss concepts associated with independence and review the rules from the AICPA Code of Conduct with a focus on their practical application. We will also review the recently issued ethics interpretations from the Professional Executive Committee (PEEC), which impact independence, and discuss practical methods of implementation. 

Topics covered include: 

• Background
• Terminology
• Affiliates, Including State and Local Government Affiliates (1.224)
• Engagement Contractual Terms (1.228)
• Fees (1.230)
• Financial Interests (1.240)
• Business Relationships (1.265)
• Family Relationships (1.270)
• Current Employment (1.275) and Former Employment (1.277)
• Considering Employment or Subsequent Employment (1.279)
• Memberships (1.280)
• Gifts & Entertainment (1.285)
• Nonattest Services (1.295)
• Breaches (1.298)