Ethics for Accountants: Minnesota (Currently Unavailable)

Author: David H. Freed

CPE Credit:  8 hours for CPAs

This course is designed to meet the eight-hour ethics CPE requirement for CPAs licensed in Minnesota. It covers general ethics, ethics in business, ethics in accounting, the AICPA Code of Professional Conduct (showing corresponding Minnesota Statutes), the Sarbanes-Oxley Act of 2002, the AICPA Statements on Standards for Tax Services, the AICPA Statements on Standards for Consulting Services, IRS Circular 230, and the Minnesota Statutes and Board of Accountancy Rules.

Publication Date: April 2012

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

Designed For
CPAs requiring Minnesota ethics.

Topics Covered

  • Overview of Ethics
  • AICPA Ethics
  • Sarbanes-Oxley Act of 2002
  • Standards for Tax Services and Consulting Services
  • Internal Revenue Service: Circular 230
  • Minnesota Statutes and Board of Accountancy Rules

Learning Objectives

  • Define ethics and 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.
  • What are the major concerns regarding confidential client information?
  • Define contingent fees and commissions and when they are forbidden in accounting services.
  • Describe the primary requirements and procedures for licensure of individuals and firms in Minnesota.
  • Describe the enforcement procedures of the Board with respect to violations of the rules by licensees and firms.
  • Summarize the continuing professional education requirements for licensees.
  • Explain the requirements for peer review and rules with respect to firm names

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (8 hours)

Program Prerequisites
None

Advance Preparation
None

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