Ethics for Accountants: Connecticut (Currently Unavailable)

Author: David H. Freed

This course is designed to meet the four-hour ethics CPE requirement for CPAs in Connecticut. It covers general ethics, ethics in business, ethics in accounting, the AICPA Code of Professional Conduct, case studies in ethics, the Sarbanes-Oxley Act of 2002, the AICPA Statements on Standards for Tax Services, and the AICPA Statements on Standards for Consulting Services.

Publication Date: 2013

Number of Pages: 81

Course Sponsor: Beacon Hill Financial Educators
NASBA Sponsor No: 107615/QAS Sponsor No: 050

Designed For
CPAs requiring Connecticut Ethics.

Topics Covered

• Overview of Ethics
• AICPA Ethics
• Sarbanes-Oxley Act of 2002
• Standards for Tax Services
• Standards for Consulting Services

Learning Objectives

• Define ethics.
• Differentiate between being ethical and acting ethically.
• What are some of the ethical conflicts that exist in the business environment?
• Differentiate between utilitarianism and deontology.
• Explain how the ethics of care helps one differentiate between right and wrong.
• Describe the most common forms of ethical issues that arise in business.
• Describe the ethical conflicts that are most commonly encountered in the accounting profession.
• What are the driving forces behind the AICPA Code of Professional Conduct?
• What are the core values of the accounting profession?
• Differentiate between the principles and rules of the AICPA Code of Professional Conduct.
• Give examples of how independence can be impaired in an attest service.
• Differentiate between integrity and objectivity.
• What are the major concerns regarding confidential client information?
• Give examples of acts that are discreditable.
• Define contingent fees and commissions and when they are forbidden in accounting services.
• List the primary reasons why the Sarbanes-Oxley Act was enacted.
• List the services that are prohibited and not prohibited by the Act.
• Describe the duties the CPA has in preparing taxes.
• Describe the circumstances under which a CPA should not recommend a tax position.
• List the grounds for omitting an answer to a question on a tax return.
• Give examples of consulting services.
• List activities that would not be considered consulting services.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (4 hours)

Program Prerequisites
None

Advance Preparation
None