14 episodes

We've resurrected our popular newsletter as a podcast. Tune in for AICPA ethics member enrichment, education, news, and all things ethics and independence. Do you want to share ideas about where our profession is headed? Listen and respond.

Ethically Speaking AICPA Professional Ethics Division

    • Education
    • 4.8, 6 Ratings

We've resurrected our popular newsletter as a podcast. Tune in for AICPA ethics member enrichment, education, news, and all things ethics and independence. Do you want to share ideas about where our profession is headed? Listen and respond.

    Ep. 15: EAQ — What's it all about?

    Ep. 15: EAQ — What's it all about?

    In this episode, Carl Mayes, CPA, and Michele Craig, CPA, discuss the AICPA’s Enhancing Audit Quality Initiative: its purpose, history, current areas of focus and some of the ongoing quality challenges firms face.
    What you’ll hear in this episode:
    • When, why, and how EAQ began.
    • Mechanics and logistics. Where do the numbers come from that drive relevance?
    • Some of the successes of the initiative.
    • 2020 goals for EAQ.
    • Long term goals

    • 13 min
    Ep 14: Take a peek into PEEC activities: Q2 meeting

    Ep 14: Take a peek into PEEC activities: Q2 meeting

    Staff augmentation arrangements and non-compliance with laws and regulations (NOCLAR) were two of the liveliest discussions this quarter. The Professional Ethics Executive Committee also approved a one-year deferral of the effective date of three interpretations: Information System Services, State and Local Government Client affiliates, and Leases.
    PEEC meetings are open to the public and we always welcome feedback and input about projects and plans.
    Updates in this episode:
    • Non-compliance with laws and regulations
    • Staff augmentation arrangements
    • The ethics division’s three-year strategy and work plan
    • Convergence with IESBA’s inducements standard
    • One-year effective date deferral of three ethics interpretations
    • Revision project for the AICPA Statements on Standards for Tax Services

    Curious about meetings? Join us for one!
    Here’s our remaining 2020 meeting schedule:
    • August 11
    • November 17
    We welcome observers and we’d love you to join us. Please go to aicpa.org/PEECmeeting to register for an upcoming meeting.

    If you have questions about the substantive content of this episode, please call the ethics hotline at 888.777.7077 (option 2, then option 3) or email ethics@aicpa.org.
    If you’d like to suggest topics for future episodes, please email ethicallyspeaking@aicpa.org

    • 29 min
    Ep. 13: PPP. Ethics. Agent -- How to untangle it all

    Ep. 13: PPP. Ethics. Agent -- How to untangle it all

    Though the first round of Paycheck Protection Program funding is spent, Congress is working to ensure small businesses get what they need during the shutdown. In this episode, Toni Lee-Andrews, director of the AICPA Professional Ethics Division, talks about the PPP and ethics with Ellen Goria, our associate director, and Iryna Klepcha, an independence and behavioral manager who has been on our hotline fielding your questions. Listen as they untangle some of the complications that can arise when you help your attest clients with this federal program.

    What you’ll hear in this episode
    • The Professional Ethics Executive Committee's (PEEC's) position on questions related to the PPP:
    o What can I do for my clients?
    o How far can I go?
    o What do I need to document?
    o What about the agent fee?
    • Key parts of the application that require management responsibility.
    • Providing services to an applicant that is an attest client.
    • Definitions in the Code of Federal Regulations, do they apply?
    • How to avoid performing the function of an agent while receiving the PPP agent fee.
    • Obtaining a PPP loan from a lender who is an attest client.
    • Providing services to a lender who is an attest client.
    • How to approach staff augmentation arrangements.
    • When to refer to the Conceptual Framework for Independence and Nonattest Services subtopic of the AICPA Code of Professional Conduct.
    • How professional judgment applies.
    • The forgiveness component of the PPP loan.

    • 33 min
    Ep. 12: Hosting services — You’re asking. We’re answering!

    Ep. 12: Hosting services — You’re asking. We’re answering!

    Listen as Aradhana Aggrawal and April Sherman, two of our independence and behavioral managers, talk about ethics hotline activity and about the new Qs&As we’ve released on hosting. Just in time for tax season, we’ve answered questions on general ledger software, tax returns, and independence.

    What you’ll hear in this episode
    • (00:40) Background, definition, and what the hosting interpretation says.
    • (02:00) What questions were coming in when the interpretation became effective?
    • (04:13) What about nonattest services for affiliates? How does the interpretation apply?
    • (05:30) Newly released questions and answers on general ledger software, tax returns, repeat requests for documents, and the by-product of engagements.
    • (11:41) Center for Plain English Accounting upcoming report on the hosting services interpretation.

    Resources mentioned in this episode
    • The new Qs&As are in Frequently Asked Questions: Nonattest services. Go to page 22 and look for question 5 and 8‒10.
    • You can find the Hosting Services interpretation in the AICPA Code of Professional Conduct at section 1.295.143.
    • Keep an eye out for the soon-to-be-published CPEA report on hosting. Members of this section have access to a wide variety of helpful reports and tools, written in straight-forward and clear style. Consider joining today!

    If you have questions about the substantive content of this episode, please call the ethics hotline at 888.777.7077 (option 2, then option 3) or email ethics@aicpa.org.
    If you’d like to suggest topics for future episodes, please email ethicallyspeaking@aicpa.org

    • 13 min
    Ep. 11: What's PEEC up to? Q1 2020 meeting update

    Ep. 11: What's PEEC up to? Q1 2020 meeting update

    Tune in to this episode of Ethically Speaking to hear the latest about projects the AICPA Professional Ethics Executive Committee is working on.
    PEEC meetings are open to the public and we always welcome feedback and input about projects and plans.

    • 31 min
    Ep. 10: 606 SOS -- What happens if...

    Ep. 10: 606 SOS -- What happens if...

    CPAs are a helpful bunch! How can we avoid letting that delightful characteristic put us in the position of auditing our own work when we help our clients in their implementation of the new rev rec standard? In this episode of Ethically Speaking, Toni Lee-Andrews, director of the AICPA Professional Ethics Division, and Bob Dohrer, chief auditor of the AICPA Audit and Attest team, sit down to explore some of the unique challenges auditors may face this year as a result of FASB ASC 606.

    What you’ll hear in this episode:
    • (2:42) Avoiding management responsibilities with the client's FASB ASC 606 implementation team. What are some things the auditor can and can't do?
    • (5:20) Clients' looking to the auditor for implementation help. What are the challenges with that?
    • (6:30) What if an audit team finds out the client has done nothing to implement the standard?
    • (11:20) What are some challenges related to the pervasiveness of rev rec to the financial statements?
    • (12:25) How do internal controls factor into the client's implementation of the standard? Can the attest CPA play a role?
    • (16:40) What if the client doesn't have good internal controls, puts a number down for revenue, and asks the auditor to audit against that number?
    • (20:20) What are some things CPAs can do?
    • (21:30) What resources does the AICPA have to help auditors?

    This episode's web page with resource list will be available at www.aicpa.org/ethicallyspeaking soon.

    If you have questions about the substantive content of this episode, please call the ethics hotline at 888.777.7077 (option 2, then option 3) or email ethics@aicpa.org.

    If you’d like to suggest topics for future episodes, please email ethicallyspeaking@aicpa.org

    • 27 min

Customer Reviews

4.8 out of 5
6 Ratings

6 Ratings

tmicpa ,

Great idea, sound quality lacking

I love this idea behind this podcast, I am a member of the AICPA and am very interested in this topic. The sound quality is lacking, please improve. There’s an echo and sounds like each speaker has different sound quality issues, I guess it is dependent on how each speaker is connected, some sound like they are on a mobile phone. Other than that, great! Please address AICPA / DOL enforcement actions process and coordination with state boards.

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