Ethics for Accountants: New York (Currently Unavailable)

Author: David H. Freed

The course meets the State of New York Office of Professions, Education Department ethics continuing education requirement for public accountants and certified public accountants licensed in the state. This course is a "general ethics" course—it covers general ethics, ethics in business, ethics in accounting, the AICPA Code of Professional Conduct, and the Sarbanes-Oxley Act of 2002. The New York section covers the State Education Law, the Rules of the Board of Regents, and the Regulations of the Commissioner of Education. Cross references to corresponding AICPA and New York State rules and provisions are included.

Publication Date: April 2012

Number of Pages: 113

Course Sponsor: Beacon Hill Financial Educators
NASBA Sponsor No: 107615/QAS Sponsor No: 050
This course is registered with the New York State Board of Accountancy under sponsor # 002146.

Designed For
CPA's requiring New York general ethics.

Topics Covered

• Ethics and Ethical Reasoning
• AICPA Code of Professional Conduct
• Sarbanes-Oxley Act of 2002
• New York State Education Department, State Board for Public Accountancy
• Regulations of the Commissioner of Education
• Full Text of Article 149, Sections 7400-7410

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 ethical conflicts that are most commonly encountered in the accounting profession.
• What are the driving forces behind the AICPA Code of Professional Conduct?
• 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.
• 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 are not prohibited by the Act.
• Describe the requirements for obtaining licenses in certified public accountancy and public accountancy.
• Describe the Education Department's requirements for continuing education.
• Describe the types of actions that would constitute unprofessional conduct with respect to expressing an opinion on representations in financial statements that have been examined by a licensee.
• Describe the circumstances in which a contingency fee arrangement could result in unprofessional conduct by a licensee.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (4 hours)

Program Prerequisites
None

Advance Preparation
None