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Ethics and Independence Rules for SSARS Engagements

Exam Questions: 15
Course Level: Basic
Pages: 76 | Content: 68, Supplemental: 6
NASBA Area of Study: Accounting
Not Acceptable for: Enrolled Agents
Version: 8045

This course discusses the current rules regarding an accountant's independence when performing compilation and review engagements. PLEASE NOTE: This course material is a component of #6210, Practice Issues: Compilation and Review, and therefore we recommend that you should not take both courses in the same CPE reporting period. Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.

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Course Information

Table of Contents
  • Overview of the Independence Rules in ET 1.295
  • Discussion of the Three Safeguards
  • Performing Bookkeeping Services for an Attest Client
  • Tax Compliance and Tax Preparation Services, Including Payroll Services
  • Investment Functions Performed for the Client
  • Appraisal, Valuation, and Actuarial Services
  • Information Systems- Design, Installation, or Integration Services
  • Forensic Accounting Services
  • Other Management Functions
  • Acting as a Trustee
  • Miscellaneous Independence Issues
Objectives
  • To recognize the general rules to maintain independence when an accountant performs nonattest services for an attest client
  • To identify when independence is impaired in certain situations in which an accountant performs nonattest services for an attest client

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.