Tax Ethics 2024: Recent Developments for Compliance

Overview

Obtain a refresher on the ethical requirements as identified by the AICPA Code of Professional Conduct, Treasury Department Circular 230 and relevant state codes. Also, gain an understanding of the requirements and components of a written information security plan. Lastly, discover how the proposed changes to the AICPA’s Statements on Standards for Tax Services will affect offered tax services and learn to apply these ethical concepts to your tax practice.

*This course has been approved by the Virginia Board of Accountancy (VBOA) to fulfill your 2024 ethics requirement. It was developed in 2023; however, the 2024 version includes an updated opening video segment from the VBOA and will qualify toward the 2024 ethics requirement.

This course has been approved for CPE credit by the National Association of State Boards of Accountancy (NASBA) and the Internal Revenue Service (IRS).

• NASBA CPE sponsor ID: 108526
• IRS CPE sponsor ID: QGYLR

Highlights

• AICPA Ethics Requirements • Circular 230, including AICPA recommendations for change • IRS-required WISP (Written Information Security Plan) • Statements on Standards for Tax Services (SSTS) - proposed revision

Prerequisites

None

Designed For

Licensed CPAs and others engaged in offering tax services

Objectives

• Recall the principles of professional conduct included in the AICPA Code of Professional Conduct and how they interact with the requirements of Treasury Department Circular No. 230, the Statements on Standards for Tax Services, and those of state law. • Understand the proposed changes to the AICPA’s Statements on Standards for Tax Services. • Understand the components of a written information security plan. • Apply ethical concepts to tax practice.

Preparation

None

Notice

Delivery Method - Group Internet Based