Ethics for Accountants (Currently Unavailable)

Author: Jae K. Shim

CPE Credit:  4 hours for CPAs

This is an ethics course covering standards of professional conduct and business practices adhered to by accountants such as CPAs in order to enhance their profession and maximize idealism, justice and fairness when dealing with the public, clients and other members of their profession. It also presents an approach --the threats and safeguards approach —to coping with ethical dilemmas. The Sarbanes-Oxley Act and its impact on business ethics, new internal control requirements, and the CPA's responsibilities are summarized. Also included are some cases of AICPA ethics violations.

Publication Date: February 2014

Designed For
CPAs that need to fulfill their Ethics Requirement

Topics Covered

  • Ethical reasoning
  • AICPA Code of Professional Conduct
  • Six Principles
  • Interpretations and Rulings
  • Case Studies

Learning Objectives

  • Identify the characteristics of ethics.
  • Recognize ethical reasoning used by accountants.
  • Differentiate between rulings and principles of the AICPA' Code of Professional Conduct.
  • Identify the six principles and list the eleven rules of the AICPA Code of Professional Conduct.
  • Recognize ethics rulings on independence.
  • Identify ethical dilemmas using the threats and safeguards approach, a conceptual framework.
  • Identify the key issues of corporate responsibility law (Sarbanes-Oxley act) that influence auditor independence.
  • Identify licensing and disciplinary mechanisms within the profession.
  • Identify the ethical standards required of accountants and financial professionals by the Institute of Management Accountants (IMA).

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (4 hours)

Program Prerequisites
None

Advance Preparation
None

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