|Author :||Patricia McCarthy, MBA|
|CPE Credits :||4.0|
|IRS Credits :||0|
|Passing Score :||80%|
|Primary Subject-Field Of Study:||
Regulatory Ethics - Regulatory Ethics for Course Id 1200
This 4 hour course is designed to meet the 4 hour Ethics CPE requirement for Florida CPAs. It provides an overview of ethical thought along with the core values of the CPA profession and the application of these values to ethical reasoning. Chapters 455 and 473 of the Florida Statutes and the related administrative rules found in section 61H1 of the Florida Administrative Code are reviewed along with the AICPA Code of Professional Conduct. Case studies are utilized throughout the course to emphasize material.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||01-Jul-2017|
|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.|
|Approved Audience :||
NASBA QAS - NASBA Registry - 1200
|Keywords :||Regulatory Ethics, Florida, Ethical, Conduct, Florida, CPAs, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Ethical Conduct for Florida CPAs
What is Ethics?
The Relationship of Morals and Ethics
Illustrative Examples of Ethics
Legal versus Ethical
Why Should We Study Professional Ethics?
Ethical Core Foundations for CPAs
Other Ethical Foundations of the CPA Profession
Case Studies – Threats and Safeguards
Case Studies of Ethical Lapses
The Travel Expense Department
Motivations of Ethical Lapses
The Florida State Board of Accountancy Rules
Summary of Changes to The Florida State Board of Accountancy Rules and Florida Statutes in 2016 and 2017
61H1-20.002 “Attest as an Expert in Accountancy to the Reliability or Fairness of Presentation” or “Expression of Opinion.”
61H1-20.005 Financial Statements.
61H1-20.0051 Assembled Financial Statements.
61H1-20.0052 Offer to Perform or Perform Services Involving Assembled Financial Statements.
61H1-20.0053 Standards for Assembled Financial Statements.
61H1-20.007 Generally Accepted Accounting Principles. (Repealed)
61H1-20.008 Generally Accepted Auditing Standards. (Repealed)
61H1-20.009 Standards for Accounting and Review Services. (Repealed)
61H1-20.0092 Government Auditing Standards. (Repealed)
61H1-20.0093 Rules of the Auditor General.
61H1-20.0095 Standards for Consulting Services. (Repealed)
61H1-20.0096 Services for Tax Practice. (Repealed)
61H1-20.0097 Standards for Personal Financial Planning. (Repealed)
61H1-20.0098 Standards for Business Valuations. (Repealed)
61H1-20.0099 Standards for Attestation Engagements. (Repealed)
61H1-20.016 Non-CPA Shareholders, Partners, and Members.
STANDARDS FOR DETERMINING INDEPENDENCE IN THE PRACTICE OF PUBLIC ACCOUNTANCY FOR CPAS PRACTICING PUBLIC ACCOUNTANCY IN THE STATE OF FLORIDA
Independence Case Study
61H1-21.002 Integrity and Objectivity.
Integrity and Objectivity Case Study
61H1-21.003 Commissions or Referral Fees.
61H1-21.005 Contingent Fees.
Contingent Fee Case Study
61H1-21.006 Communication with Client of Another Certified Public Accountant.
61H1-22.001 Competence (General Standards).
General Standards Case Study
61H1-23.001 Confidential Client Information.
61H1-23.002 Records Disposition Responsibility.
Advertising Case Study
61H1-24.002 Solicitation. (Repealed)
61H1-25.001 Responsibility for Other Persons.
61H1-26.001 Form of Practice and Name-Shared Office Space.
61H1-26.002 Minimum Capitalization or Adequate Public Liability Insurance for Florida Firms with the Exception of a Sole Proprietorship.
61H1-26.003 Licensure of Florida Certified Public Accountant Firms.
61H1-26.004 Changes by Firms.
61H1-26.005 Address of Record.
61H1-33.001 Certified Public Accountants Required to Comply with this Chapter.
61H1-33.002 Organization and Administration.
61H1-33.003 Continuing Professional Education.
61H1-33.0031 Continuing Professional Education/Ethics.
61H1-33.0032 Board Approval of CPA Ethics Continuing Education by Providers.
61H1-33.0033 Obligations of CPA Ethics Course Continuing Education Providers.
61H1-33.0034 Evaluation of CPA Ethics Course Providers.
61H1-33.00341 Duration of CPA Ethics Course Provider Status.
61H1-33.00342 CPA Ethics Courses – Standards for Approval of Courses.
61H1-33.0035 Continuing Professional Education/Governmental Auditing.
61H1-33.006 Inactive or Delinquent Florida Certified Public Accountants Who Desire to Become Active Licensees.
61H1-33.0065 Exemption from Renewal Requirements for Spouses of Members of the Armed Forces of the United States.
61H1-34.001 Preparation of Financial Statements by Persons Other than Certified Public Accountants or Inactive Certified Public Accountants.
61H1-34.002 Notice to Public by Non-Licensed Persons.
61H1-36.002 Return of Certificates or Licenses.
61H1-36.003 Time for Payment of Civil Penalties. (Repealed)
61H1-36.004 Disciplinary Guidelines; Range of Penalties; Aggravating and Mitigating Circumstances.
61H1-36.0055 Minor Violation, Notice of Non-Compliance.
61H1-39.002 Peer Review Program Standards.
61H1-39.003 Peer Review Administering Entities.
61H1-39.004 Peer Review Oversight Committee Composition and Responsibilities.
61H1-39.005 Compliance with Peer Review Requirements.
Chapter 455 Florida Statutes
Failure to Report to the Board Case Study
Chapter 473 Florida Statutes
Overall Case Study – 61H1 F.A.C. and Chapters 455 and 473 F.S.
The AICPA Code of Professional Conduct
About the Code
Part 1 – Members in Public Practice
Rule 1.100 Integrity and Objectivity
Case Study – Married Tax Clients Divorcing
1.130 Preparing and Reporting Information
Case Study – Bernard Madoff Investment Securities LLC
Case Study – Phar-Mor
1.200 - Independence
Rule 1.300—General Standards Rule
1.310 Compliance with Standards Rule
Case Study – Peer Review Discoveries
1.320 Accounting Principles Rule
1.400.001 Acts Discreditable Rule
1.510.001 — Contingent Fees Rule
1.520.001—Commissions and referral fees Rule
1.600.001 —Advertising and other forms of solicitation
1.700.001— Confidential client information rule
1.800.001—Form of organization and name rule
Part 2 – Members in Business
2.100.001 – Integrity and Objectivity Rule
2.130.030 Obligation of a Member to His or Her Employer’s External Accountant
2.170.010 – Pressure to Breach the Rules
Case Study – Fair Finance
2.300.001 — General standards rule
2.310.001—Compliance with standards rule
2.320.001—Accounting principles rule
Case Study - The Company with Excess Reserves
Case Study - The Company with Undisclosed/Unrecorded Contingencies
2.400.001 Acts Discreditable Rule
2.400.070 Confidential Information from employment or volunteer activities
Part 3 – Other Members
3.400.001 - Acts discreditable rule
3.400.070 Confidential Information from employment or volunteer activities