Learn how to evaluate and resolve conflicts when they present themselves.
Business executives and licensed professionals may have a basic appreciation of conflicts of interest but lack a conscientious, disciplined, and consistent method for spotting them. Then, once a conflict has been identified, many businesspeople, including professionals, do not understand how to react to a conflict of interest promptly and decisively. Also, there is a lack of appreciation concerning the legal liability risk associated with conflicts that are allowed to go unaddressed, to say nothing of the risk of reputational harm, which may be even more consequential. This presentation will help you spot and even predict conflicts of interest and will teach you how to evaluate and resolve conflicts when they present themselves. The benefit of having a knowing and enlightened system for addressing conflicts pays dividends in the form of efficiency and confidence in decision-making, preservation of the company's or firm's culture, and the avoidance of reputational harm as well as legal liability exposure.
Learning Objectives
- You will be able to identify the characteristics of Conflicts of Interest.
- You will be able to identify sources of authority related to Conflicts of Interest.
- You will be able to identify conflicts of interest in real time.
- You will be able to differentiate between the varying types of Conflict of Interest.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Introduction of Conflicts of Interest
- Introducing the Concept of a Conflict of Interest
- Describing How This Concept Is Baked Into Our Culture of Commerce
- An Overview of the Stakes Associated With a Conflict of Interest
Sources of Authority and Guidance
- Business Corporation Law
- Nonprofit Corporation Law
- Fiduciary Law
- Particular Regulatory Bodies and Professional Organizations (SEC, AICPA, ABA, etc.)
Identifying Conflicts in Real Time
- Creating and Maintaining a Database
- Adopting a Code of Ethics
- Identifying Risk Associated With Business Purpose
- Evaluating Conflicts (Financial, Non-Financial, Conflict of Roles)
Case Studies
- Fiduciary Work
- Financial Planning and Broker/Dealers
- Other Professions
Disclosure, Consent, Other Options
- Disclosure of a Conflict: When, How, to Whom
- Options to Offer in Order to Eliminate Professional Risk
- Conflict Resolution
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 12, 2023.
Call 1-866-352-9540 for further credit information.
- CPIM/CFPIM/CSCP 1.0
- This program may qualify for 1.0 certification maintenance points toward the CSCP, CPIM and CLTD designations through The Association for Operations Management.
- ASAP PACE 0.1
- This course is pre-approved through the American Society of Administrative Professionals (ASAP) for 0.1 CEU(s) towards your PACE Recertification.
CPE/NASBA - QAS Self Study 1.8 including Regulatory Ethics 1.8
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Regulatory Ethics for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jonathan S. Ziss, J.D.
Goldberg Segalla
- Partner, Goldberg Segalla LLP, a national litigation firm with over 400 attorneys
- Co-chair of the firm’s Management & Professional Liability Practice Group, with over 35 years of experience
- A frequent columnist, author, and lecturer on accountant professional liability risk management and avoidance
- Has appeared in CA, CT, DE, FL, MT, NJ, PA, and NY and has represented clients including professional service firms, non-profits, and for-profit businesses in many other states as well
- Successfully argued to the Supreme Court of Delaware, a leading forum for financial litigation, that in an audit malpractice dispute, management’s unclean hands should be a viable defense even if the auditor’s conduct fell below the standard of due care
- Has tried dozens of cases to verdict and has handled countless administrative investigations and proceedings, mediations, and arbitrations
- Chosen to serve as an expert witness in an accountant malpractice case, addressing the enforceability of engagement letters and the differentiation among attestation levels
- Honors graduate of Franklin & Marshall College (elected Phi Beta Kappa); graduate of Villanova University’s Charles Widger School of Law (staff member, The Villanova Law Review)
- Can be contacted at [email protected] or 267-519-6820 (office), or 215-480-2572 (mobile)
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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