Ethics for Accountants: Florida (Currently Unavailable)

Author: Pat Patterson

This presentation centers around the most common errors and regulations that impact the professional in the practice of public accounting as well as real-life ethical issues faced by individuals and organizations in industry, government, and education.

The course addresses newly revised and proposed interpretations, rulings, and legislation that affects CPAs in public accounting firms and employment in industry, government and education. This ethics course focuses on the standards of professional conduct that must be adhered by Florida CPAs.

Publication Date: April 2016

Designed For
Florida CPAs requiring ethics

Topics Covered

• Individual ethics — The participants will hear about: The code of conduct, professional responsibilities, and core values of the profession. How are ethics and ethical behavior defined? What does it mean to be ethical as an accounting practitioner? How does the code of conduct, professional responsibilities, and core values of the profession affect the professional accountant?
• Business ethics — How does making ethical choices in the workplace impact businesses and individuals?
• What is the role and responsibility of organizations in creating an ethical culture?
• What are the newly revised and proposed interpretations, rulings, and legislative issues that affect CPAs in both public accounting firms and employment in industry, government and education?
• Independence — What are the highlights of the AICPA's independence rules, AICPA Interpretation 101-3, and their differences in regards to public accounting?
• Specialized practice areas — What are the specialized ethical responsibilities in practice areas such as tax, industry, and government?
• Future trends — What are the trends that will affect the future of the accounting profession? What trends and changes are being observed by CPAs?
• AICPA Interpretation 101-3 on independence and the differences between attest and non-attest services for clients
• Responsibilities of CPAs to their clients on confidentiality and record retention as required by AICPA
• Future implications of CPAs and ethics
• Recognize fundamental sections of Florida statutes and administrative codes

Learning Objectives

• Recognize the changes in ethical requirements a CPA licensees remain on top of
• Differentiate sections in Chapter 455 to find out what licensure provisions apply to a member of the Armed forces
• Identify various circumstances where the Florida Board of Accountancy may deny potential CPA's licenses
• Recognize circumstances where CPA's licensed in another state may be hesitant to relocate to Florida due to the education requirements for licensure under Chapter 473.308(3)
• Identify the number of additional CPE hourse the Florida board of Accountancy may require to satisfy the two-year renewal period if you failed to meet the standard CPE requirements
• Differentiate the independence standard for a practicing CPA offering accounting & auditing services, such as compilation and review, and tax preparation services
• Recognize services involved in assembling financial statements under Chapter 61H1-20.0051
• Identify who would evaluate a potential filed complaint against a CPA in the State of Florida for legal sufficiency
• Differentiate Florida Chapter 455 for information specific to Inactive and Delinquent Status applied to various regulations that apply to accounting and other professions
• Identify the specific section of Chapter 473 governing public accountancy in Florida and how it applies to holding out rules for practicing as a licensed CPA
• Recognize the additional education requirement for a licensed CPA in the State of Florida besides the required concentration in business and accounting at an accredited college/university
• Describe the proper company title that is permissible for a limited liability company offering financial services and the required number of licensed CPA's to hold the title
• Recognize the required number of ethics hours for a licensed CPA in a two-year renewal period
• Identify requirements for an appointee committee candidate for a peer review oversight committee
• Differentiate circumstances where charging contingent fees constitute a violation of professional ethics as a licensed CPA practicing in the State of Florida
• Recognize the changes in accountancy standard under Florida Administrative Code rules (FACs) that have been repealed until an update occurs
• Identify responsibilities that apply to a client under FAC 61H1-23

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (4 hours)

Program Prerequisites
Basic knowledge for ethics

Advance Preparation
None