You’ll learn about the independence requirements applicable to valuation services and the relationships or services that may threaten compliance with independence rules. Independence and you The AICPA Code of Professional Conduct (the code) and other regulatory bodies provide guidelines for maintaining independence. As a practitioner, you need to know when independence is required and how to safeguard against threats to your independence. You’ll review key aspects of independence, including: - The code’s definition of independence - Types of engagements that require independence - The people who must maintain independence - Independence requirements related to valuation, forensic, or other consulting services Exploring additional independence consideration You’ll also explore additional independence considerations, including rules set forth by regulatory bodies, such as: - The SEC - The PCAOB - The Department of Labor (DOL) - The FDIC - The Government Accountability Office (GAO) Who Will Benefit - Professionals considering focusing on valuation as a career - Professionals in business and industry, particularly within corporate finance, seeking to increase their technical expertise in valuation - Professionals working in public accounting or consulting firms, or both, involved in valuations related to mergers and acquisitions, litigation, fair value, and other business interests - Professionals preparing for the Accredited in Business Valuation (ABV) credential exam Key Topics - Independence - Relationships that threaten independence - Nonattest services that threaten independence - Other independence rules - International ethics rules Learning Outcomes - Recognize when independence is required. - Identify the financial, family, and employment relationships that could threaten compliance with the independence rules. - Recall the nonattest services that threaten independence. - Recall when additional independence provisions (such as SEC, PCAOB, GAO, and DOL requirements) apply.