|Author :||Patricia McCarthy, MBA|
|Course Length :||Pages: 45 ||| Review Questions: 12 ||| Final Exam Questions: 20|
|CPE Credits :||4.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Course Type:||NASBA QAS - Text - Technical - NASBA Registry|
|Primary Subject-Field Of Study:||
Regulatory Ethics - Regulatory Ethics for Course Id 1302
This 4-hour course is designed to meet the 4-hour ethics and professional conduct CPE requirement for Iowa 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. Section 193A of the Iowa Administrative Code, Chapter 13 – Rules of Professional Ethics and Conduct is covered in detail. The AICPA Code of Professional Conduct is also covered in detail. Case studies are utilized throughout the course to emphasize subject matter.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :||
Iowa Ethics & Campaign Disclosure Board
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||02-May-2023|
|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 - Text - Technical - NASBA Registry - 1302
|Keywords :||Regulatory Ethics, Iowa, Professional, Ethics, Iowa, CPAs, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Professional Ethics for Iowa 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
Case Studies – Threats and Safeguards
Public Expectations of the CPA’s Responsibility
Enron and Arthur Andersen
Bernard Madoff Investment Securities LLC – Failures in Expressing an Opinion on Financial Statements
Motivations of Ethical Lapses
Chapter 13—Iowa Administrative Code Section 193A—Rules of Professional Ethics and Conduct
193A—13.2(542) Rules applicable to all CPAs and LPAs.
193A—13.3(542) Rules applicable to CPAs and LPAs who use the titles in offering or rendering products or services to clients.
193A—13.4(542) Audit, review and other attest services.
193A—13.6(542) Rules applicable to tax practice.
Chapter 14—Iowa Administrative Code Section 193A—Disciplinary Authority and Grounds for Discipline
193A—14.1(17A,272C,542) Disciplinary authority.
193A—14.2(17A,272C,542) Disciplinary policy.
193A—14.3(17A,272C,542) Grounds for discipline.
Chapter 11—Iowa Administrative Code Section 193A—Peer Review
193A—11.1(542) Peer review required
193A—11.2(542) How often required
193A—11.3(542) System of internal quality control
193A—11.4(542) Peer review programs that qualify.
193A—11.5(542) Waiver of peer review requirement
193A—11.6(542) Submission of peer review reports.
Chapter 10, Part 7—Iowa Administrative Code Section 193A—Continuing Education
193A—10.7(542) Mandatory education required
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
1.180 – Responding to Noncompliance with Laws and Regulations
Case Study – Year End Adjustments and Loan Covenants
1.200 - Independence
Rule 1.300—General Standards Rule
Case Study – Audit Engagement with No Prior Experience
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
2.180.010 Responding to Noncompliance With Laws and Regulations
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