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Author: |
Jae K. Shim, Ph.D., CPA |
Course Length: |
Pages: 69 ||| Word Count: 28,728 ||| Review Questions: 9 ||| Final Exam Questions: 15 |
CPE Credits: |
3.0 |
IRS Credits: |
0 |
Price: |
$29.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
Technical |
Field Of Study: |
Regulatory Ethics |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course addresses the need for CPAs to understand and apply the AICPA Code of Professional Conduct in their professional responsibilities.
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Frequently Asked Questions: |
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Description: |
CPAs have a considerable responsibility to the public, their profession, the organizations they serve, and themselves. To protect the public interest and maintain the profession's reputation, CPAs must act with integrity, honesty, and fairness. The AICPA Code of Professional Conduct (Code) consists of foundational principles, enforceable rules, and interpretations to set ethical and professional guidelines for the CPA profession. The vast majority of state boards of accountancy have adopted the Code in their own regulations or have created their own equivalent codes. Adhering to the Code is a professional obligation and a legal requirement, as violations can result in disciplinary actions and the potential loss of one's CPA license regulated by state boards of accountancy. This course is designed to help you maintain knowledge of current AICPA ethical requirements. It begins with a presentation of individual ethical responsibility, including the concepts of ethics and morals, the process of ethical reasoning, and the importance of ethical codes. It demonstrates how to apply the two most commonly used ethical theories for resolving ethical dilemmas. The impact of corporate culture and leadership on individual behavior is also explained. The second part of the course covers the AICPA's core principles, which provide a structured framework of standards that dictate expected professional behavior. It addresses specific rules that govern the performance of CPAs’ professional responsibilities, along with the conceptual framework approach to coping with ethical dilemmas. Numerous examples are included to help you apply fundamental ethical concepts and comply with the relevant provisions of the Code. |
Usage Rank: |
25714 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Understanding and Applying the AICPA Code of Professional Conduct (Course Id 1986)
Internal: General Ethics for CPAs
External: AICPA Code of Professional Conduct
External: American Institute of Certified Public Accountants (AICPA)
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
18-Nov-2025 |
NASBA Course Declaration: |
Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
Keywords: |
AICPA Code of Professional Conduct - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives After studying this course, you will be able to:
2. Recognize the core principles within the AICPA Code of Professional Conduct 3. Identify the steps within the conceptual framework approach 4. Recognize the indicators of impairment of independence 5. Identify ethical standards and violations |
Course Contents: |
Chapter 1: Ethics and Ethical Behavior Individual Ethical Responsibility Dilemmas and Reasoning Roles of Ethical Codes Ethical Business Practices Corporate Culture and Leadership Corporate Social Responsibility Chapter 1 Review Questions Chapter 2: AICPA Code of Professional Conduct Overview of the AICPA Code AICPA Code and State Board Rules Structure of the Code Recent Updates Fundamental Principles Ethical Decision-Making Framework Conceptual Framework Approach Conceptual Framework Toolkit Ethical Conflicts Rules for Members in Public Practice Integrity and Objectivity Rule Conflicts of Interest Gifts and Entertainment Preparing and Reporting Information Client Advocacy Use of a Third-Party Service Provider Responding to Noncompliance with Laws and Regulations Chapter 2 Review Questions - Section 1 Independence Application of Independence Rule Network and Network Firms Fees Financial Interests Loans and Leases Business Relationships Family Relationships Simultaneous Employment or Association with an Attest Client Former Employment or Association with Attest Client Considering Employment or Association with an Attest Client Actual or Threatened Litigation Nonattest Services Breach of an Independence Interpretation Chapter 2 Review Questions - Section 2 General Standards Compliance with Standards Accounting Principle Acts Discreditable Contingent Fees Commissions and Referral Fees Advertising and Other Forms of Solicitation False, Misleading, or Deceptive Act Use of AICPA-Awarded Designation Use of the CPA Credential Confidential Information General Rules Disclosing Information from Previous Engagements Disclosing Information to Clients Disclosing Information to a Third-Party Service Provider Form of Organization and Name Rule General Rules Partner Designation Firm Name Rules for Members in Business Chapter 2 Review Questions - Section 3 Appendix A: Conflicts of Interest Appendix B: Conceptual Framework Worksheet Illustration Appendix C: Management Responsibilities Glossary |
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