PLAY RECORDING

Broadcast Date: Tuesday, August 30, 2022
from 12:00 pm to 1:30 pm (ET)

Overview:

As watchdogs of the business world, public accountants are expected to comply with robust ethical standards and demonstrate integrity and professional competence in their work. However, the rise of technological innovations and the shifting regulatory landscape have significantly impacted the accounting industry and placed greater demands on professional accountants.

Thus, to keep up with today’s rapidly evolving environment, accountants must understand how current ethical standards apply to these changes and remain up to date with new ethics guidelines.

Join a panel of distinguished thought leaders and practitioners assembled by The Knowledge Group as they delve into an in-depth discussion of the latest updates in the code of ethics for professional accountants initiated by the International Ethics Standards Board for Accountants (IESBA). Speakers will also offer best practices to help guide accountants through today’s pressing ethical and independence challenges.

Key issues that will be covered in this course are:

  • Distinctions between Ethics and Compliance
  • Benefits of a Strong Ethical “Tone at the Top”
  • Key Elements of Compliance: Prevention, Detection, Correction
  • Evaluating Ethical Red Flags and Exercising Professional Judgment
  • Creating and Implementing an Ethical Culture

Learning Objectives:

  • Understand the key elements of ethics and compliance and their importance in the accounting practice.
  • Determine measures to avoid ethical pitfalls and practical tips in exercising professional judgment.
  • Identify best practices to help create and implement a culture of ethical behavior.

Credit:

Advance Preparation:

Print and review course materials

 

Method of Presentation:

Group-Internet Based

 

Prerequisite:

None

 

NASBA Field of Study:

Regulatory Ethics – Technical

 

Course Code:

1410058

 

Total Credit:

1.5 CPE (Not eligible for QAS (On-demand) CPE credit)

Speaker Panel:

Jane Scaccetti, CPA, MT, PFS, Of Counsel
Business & Tax Strategist

Armanino LLP

Jane Scaccetti is a seasoned successful professional with extensive experience in business and corporate public and private company governance. Her industry expertise is as a top tax strategist consulting with complex family and entrepreneurially driven businesses. Jane is Of Counsel to Armanino LLP, the national firm that merged with Drucker & Scaccetti, which she co-founded in 1990.

Jane holds a Master’s in Taxation from Villanova University. She is a Magna Cum Laude graduate of Temple University Fox School of Business. She is a CPA licensed by Pennsylvania. She obtained her certification as a Chartered Financial Consultant from The American College; and is designated a Personal Financial Specialist by the AICPA.

Jane lives in Philadelphia and the Jersey shore.

Judy L. Woods, Of Counsel
Recognized Attorney in Business Disputes

Krieg DeVault LLP

Judy L. Woods is a member of Krieg DeVault, LLP’s Litigation Group and serves on the firm’s Professional Standards Committee. She focuses on complex commercial and “bet the company” litigation, including antitrust, class actions, shareholder and corporate governance disputes, international contracts, finance and business disputes, False Claim Act, fraud, RICO, and other business disputes. Prior to her entry into private law practice, Ms. Woods was employed as a strategic planning officer for a large national bank where she worked on bank mergers and acquisitions as well as strategic planning for all bank departments. Ms. Woods also worked for a private accounting firm, supervising fraud and abuse and compliance audit teams, particularly for organizations with Department of Labor contracts.

Emily Cummins, Director of Risk Management
Risk Manager

The Christian Broadcasting Network, Inc.

Emily Cummins (MBA, CPA, CIA, CPCU, CISSP) is the Director of Risk Management for The Christian Broadcasting Network, Inc., a global ministry that provides media evangelism and humanitarian aid. Prior to joining CBN, she served as a specialist in the underwriting division at Church Mutual Insurance Company, a risk and insurance services provider to religious institutions and other compatible markets. Previously, Emily worked for a public accounting firm, a bank, and another nonprofit organization. Emily has degrees from Wake Forest University, George Washington University, and George Mason University.

Agenda:

Segment 1:

Judy L. WoodsOf Counsel

Recognized Attorney in Business Disputes

Krieg DeVault LLP

  • Introduction to ethics and compliance
  • How ethics and compliance differ
  • Why both ethics and compliance are important
  • Practical applications

 

Segment 2:

Emily CumminsDirector of Risk Management

Risk Manager

The Christian Broadcasting Network, Inc.

  • Ethical red flags and exercising your professional judgment
  • Professional liability for decision-making
  • No insurance for fraudulent or intentional misconduct

 

Segment 3:

Jane Scaccetti, CPA, MT, PFS, Of Counsel

Business & Tax Strategist

Armanino LLP

  • Describe the five ethical principles for accountants
  • Recognizing client related and colleague related red flags- causes and best practices to identify and address them.
  • How to create a culture of ethical behavior.

Date & Time:

Tuesday, August 30, 2022

12:00 pm to 1:30 pm (ET)

Materials:

Download Course Materials

Who Should Attend:

  • Chief Financial Officer, Chief Risk Officer, General Counsel
  • Finance and Accounting Management
  • Controllers and CPA Staff
  • Audit Committee member
  • Internal Audit and Compliance Personnel
  • Business Advisors dealing with Ethical and Compliance Issues

SPEAKERS

Jane Scaccetti, CPA, MT, PFSOf Counsel
Business & Tax Strategist
Armanino LLP
Judy L. WoodsOf Counsel
Recognized Attorney in Business Disputes
Krieg DeVault LLP
Emily CumminsDirector of Risk Management
Risk Manager
The Christian Broadcasting Network, Inc.

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