Auditor Independence

2 Credits: Regulatory Ethics


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Auditor Independence

Course Level
CPE Credits

2 Credits: Regulatory Ethics

Course Description

A constant concern for the auditor is ensuring that an adequate degree of independence is maintained between oneself and attest clients. In the Auditor Independence course, we delve into the different threats to independence, as well as dozens of scenarios in which the auditor needs to be aware of the safeguards that can be used to preserve an acceptable level of independence from clients. Particular attention is paid to safeguarding independence when both attest and non-attest services are provided to clients.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Describe the elements of the independence concept.
  • Specify the different types of threats to independence.
  • Describe the independence threats that can arise from a merger of audit firms.
  • Describe the manner in which independence can be applied to the affiliates of an attest client.
  • Specify how a clause in an engagement letter could trigger an independence threat.
  • Explain the nature of the various types of financial interests.
  • Describe the circumstances under which an accountant can have an account with a depository institution and not have an independence issue with it.
  • Specify how an accountant’s teaching arrangement with a local college will still allow her firm to conduct an attest engagement with the college.
  • Describe the issues to consider when deciding whether a gift could cause an independence threat.
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Course Specifics

Course ID
Revision Date
April 24, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …