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Author: |
Jae K. Shim, Ph.D., CPA |
Course Length: |
Pages: 71 ||| Word Count: 28,730 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
CPE Credits: |
4.0 |
IRS Credits: |
0 |
Price: |
$39.95 |
Passing Score: |
70% |
Course Type: |
Text |
Technical Designation: |
NonTechnical |
Field Of Study: |
Behavioral Ethics |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course covers standards of professional conduct for accountants, including the Sarbanes Oxley Act and the conceptual framework approach to ethical dilemmas.
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Frequently Asked Questions: |
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Description: |
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 conceptual framework approach - to coping with ethical dilemmas. The Sarbanes-Oxley Act and its impact on business ethics, internal control requirements, and the CPA’s responsibilities are summarized. Moreover, a brief discussion of the AICPA’s Standards for Tax Service and the IMA’s Statement of Ethical Professional Practice are included. Finally, it identifies different disciplinary systems within the profession and provides guidance on how to respond to an ethics inquiry from the AICPA. It includes examples to illustrate the application of various ethical standards. |
Usage Rank: |
53636 |
Release: |
2005 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
External: Code of Ethics: Understanding Its Types and Uses
Internal: Ethics Courses for CPAs - catalog page
Internal: All Ethics CPE Courses - Generic Ethics listing
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
20-Dec-2024 |
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: |
Generic: Ethics for Accountants - CPE course for CPAs |
Learning Objectives: |
Chapter 1
Chapter 2
Chapter 3
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Course Contents: |
Chapter 1: Ethics and Ethical Reasoning Learning Objectives The Concept of Ethics Morals and Ethics Causes of Unethical Behavior Reasoning Process Approaches to Ethical Behavior Corporate Ethical Development Model Chapter 1 Review Questions Chapter 2: AICPA Code of Professional Conduct Learning Objectives Code Structure Principles of Professional Conduct Ethical Decision-Making Conceptual Framework Conceptual Framework Worksheet Rules of Conduct 1.100 - Integrity and Objectivity Rule 1.110 Conflicts of Interest 1.120 Gifts and Entertainment 1.130 Preparing and Reporting Information 1.140 Client Advocacy 1.150 Use of a Third-Party Service Provider 1.200 - Independence Rule 1.228 Engagement Contractual Terms 1.230. Unpaid Fees 1.240 Financial Interests 1.260 Loans, Leases, and Guarantees 1.265 Business Relationships 1.270 Family Relationships with Attest Client 1.275 Current Employment or Association with an Attest Client 1.279 Consideration or Subsequent Employment or Association with Attest Client 1.290 Actual or Threatened Litigation 1.295 Nonattest Services 1.297 Independence Standards and Agreed-Upon Procedures Engagements 1.298 Breach of an Independence Chapter 2 Review Questions - Section 1 1.300 - General Standards 1.310 - Compliance with Standards Rule 1.320 - Accounting Principle Rule 1.400 - Acts Discreditable 1.510 - Contingent Fees 1.520 - Commissions and Referral Fees 1.600 - Advertising and Other Forms of Solicitation 1.700 - Confidential Information 1.800 - Form of Organization and Name Chapter 2 Review Questions - Section 2 Chapter 3: Other Ethical Standards Learning Objectives Sarbanes-Oxley Act Summary of Key Provisions Restore Confidence in Auditing Profession Reform Corporate America AICPA’s Standards for Tax Services SSTS No. 1 General Standards SSTS No. 2 Tax Compliance Services SSTS No. 3 Tax Consulting Services SSTS No. 4 Tax Representation Services IMA Code of Conduct for Management Accountants Ethics Enforcement AICPA Professional Ethics Division State Boards of Accountancy and State CPA Societies Chapter 3 Review Questions Appendix AICPA FAQ Blind Trusts Campaign Contributions Disclosure of Commissions Independent Contractors Letter Of Intent to Purchase Practice Pro Bono/Below Cost Fees Compliance with SSCS’s When Member Does Not Hold out as CPA Use of Standards That Have Not Been Established by a Body Designated by AICPA Council Form of Communication Transfer of Client Files to Another Partner in The Firm Transfer of Client Files in a Merger Transfer of Files and Return of Client Records in Acquisition of a Nonmember Practice Electronic Records Long Association of Senior Personnel of the Engagement Team Loans Staff Augmentation Arrangements Client Affiliates Conflicts of Interest Situations AICPA Ethics Violation Case Studies Almost Stolen Clients Harmless Mistakes Inadequate Accountant Response to AICPA Ethics Inquiry Glossary |
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