Do you have to sign an independence statement annually? Do you know that such a policy creates more issues than it solves? Ethics in a firm is more than just issues of independence. Ethical dilemmas can appear with client acceptance, client continuation, completing workpapers, time budgets, emails, and even giving tax advice. In 2018, a CPA was convicted of aiding and abetting tax evasion for providing advice on delaying recognition of revenue. Cover the latest issues catching firms in unethical behavior so that you can stay on the right side of ethical decisions.
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