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Self-Study CPE
ETHICS: TAX PRACTICE STANDARDS
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MANAGING ETHICAL DILEMMAS FOR TEXAS CPAs
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UNDERSTANDING AND APPLYING THE AICPA CODE OF PROFESSIONAL CONDUCT
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ARE YOU INDEPENDENT?
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ENROLLED AGENT ETHICAL STANDARDS: PRACTICES & PROCEDURES
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TAX RETURN PREPARER ETHICAL ISSUES
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EXPANDING YOUR ACCOUNTING BUSINESS THROUGH PROVIDING ETHICS RELATED SERVICES
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A BASIC ETHICS GUIDEBOOK FOR OREGON CPAs
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BUILDING A FRAMEWORK FOR REGULATORY ETHICS
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ETHICAL & PENALTY STANDARDS: TAKING POSITIONS ON TAX RETURNS & ADVISING CLIENTS
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Cpece webinars
Engagement Letters and Other Risk Mitigation Best Practices

ENGAGEMENT LETTERS AND OTHER RISK MITIGATION BEST PRACTICES

Cost $40.00
CPE Credits 2.0 hours
Subject Area 2.0 - Ethics (Regulatory) (Ethics)
CE Credits 2.0 hours
Course Id# - HURS9-E-00902-21-O
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

This webinar, lead by Accounting and Taxation professor and writer Roby Sawyers, covers the best practices for risk mitigation in an accounting organization. The presentation will cover the sources of malpractice claims as well as privacy security planning. One focus area will be limiting risk with engagement letters for new and existing clients and how that ties into expectations set in Circular 230 and the AICPA Code of Conduct.

Other risky areas and best practices will also be addressed, including endorsements, tax return positions,  conflicts of interest, and more.

Learning Objectives:


  • Recognize the major sources of malpractice claims in a tax practice

  • Identify the primary benefits of client engagement letters

  • Determine how to construct engagement letters using best practices to limit risk

  • List best practices surrounding client acceptance and monitoring

  • Identify other risky areas and best practices

  • Recognize the key components of data security and privacy plans for your firm

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ROBY SAWYERS, Ph.D., CPA, is a Professor in the Department of Accounting at NC State University.  He is an author of Federal Tax Research (Cengage Learning) as well as chapters on international tax, state and local tax, tax research, and tax practice and procedure in Corporate, Partnership, Estate and Gift Taxation (Van-Griner). He serves as co-editor and author of the SALT-Block column in Taxes-The Tax Magazine and served as editor of the Tax Practice Responsibilities column in The Tax Adviser magazine from 2018-2020.   

Dr. Sawyers is an active member of the American Institute of Certified Public Accountants (AICPA) from which he received the 2020 Arthur J. Dixon Memorial Award. He has served the AICPA as a member of the Tax Practice Responsibilities Committee as well as chair of the Tax Legislation and Policy Committee and the Trust, Estate and Gift Tax Committee. He has also served on the AICPA’s Tax Executive Committee and Precertification Education Executive Committee. 

He teaches CPE and CE courses for a variety of firms and other organizations including CPAacademy.org, KPMG and the AICPA. 

 

Additional Materials
Webinar Technical FAQs
Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Handout Materials
Presentation Slides
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) 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.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

Irs

EA Approved

CPAacademy.org (Sponsor Id#: HURS9) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

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Roby Samyers, Ph.D., CPA, is a Professor in the Department of Accounting at NC State University.  He is an author of Federal Tax Research (Cengage Learning) as well as chapters on international tax, state and local tax, tax research, and tax practice and procedure in Corporate, Partnership, Estate and Gift Taxation (Van-Griner). He serves as co-editor and author of the SALT-Block column in Taxes-The Tax Magazine and served as editor of the Tax Practice Responsibilities column in The Tax Adviser magazine from 2018-2020.   

Dr. Sawyers is an active member of the American Institute of Certified Public Accountants (AICPA) from which he received the 2020 Arthur J. Dixon Memorial Award. He has served the AICPA as a member of the Tax Practice Responsibilities Committee as well as chair of the Tax Legislation and Policy Committee and the Trust, Estate and Gift Tax Committee. He has also served on the AICPA’s Tax Executive Committee and Precertification Education Executive Committee. 

He teaches CPE and CE courses for a variety of firms and other organizations including CPAacademy.org, KPMG and the AICPA.