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Author: |
Jae K. Shim, Ph.D., CPA |
Course Length: |
Pages: 68 ||| Word Count: 27,875 ||| 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: |
Technical |
Field Of Study: |
Regulatory Ethics |
Approved Audience: |
NASBA QAS - NASBA Registry |
Key Takeaways: |
This course meets the four hour ethics requirement for Maryland CPAs, covering the AICPA Code of Professional Conduct alongside Maryland specific regulations.
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Frequently Asked Questions: |
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Description: |
Maryland CPAs have a considerable responsibility to the public, their profession, the organizations they serve, and themselves. They must act with integrity, honesty, and fairness. Ethical behavior is essential for fulfilling this duty and maintaining public trust. Thus, adhering to ethical standards is both a professional obligation and a legal requirement. This course meets the four-hour ethics requirement for Maryland CPAs within each three-year license renewal period. The course 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 course is also designed to help you maintain knowledge of current ethical and other regulatory requirements. It covers the most recent version of the AICPA Code of Professional Conduct, along with the conceptual framework, which provides a structured approach to address situations not explicitly covered by specific rules. It also reviews key provisions of Maryland laws and regulations governing the practice of public accountancy. Numerous examples are included to help you have a good understanding of ethical standards and apply ethical judgment to interpret the rules. |
Usage Rank: |
10000 |
Release: |
2025 |
Version: |
1.0 |
Prerequisites: |
None. |
Experience Level: |
Overview |
Additional Contents: |
Complete, no additional material needed. |
Additional Links: |
Internal: Maryland: Professional Ethics for Maryland CPAs (Course Id 1887)
Internal: Maryland CPE Ethics (state ethics overview page)
External: Maryland State Ethics Commission
External: Approved Ethics Courses
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Advance Preparation: |
None. |
Delivery Method: |
QAS Self Study |
Intended Participants: |
Anyone needing Continuing Professional Education (CPE). |
Revision Date: |
20-Dec-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: |
Maryland: Ethics for Maryland - v15 - CPE course for CPAs |
Learning Objectives: |
Course Learning Objectives After studying this course, you will be able to:
2. Identify the core principles within the AICPA Code 3. Recognize activities that may impair a CPA’s independence 4. Identify AICPA ethical standards and potential violations 5. Identify Maryland ethical standards for the practice of public accounting |
Course Contents: |
Chapter 1: Ethics and Professional Responsibility Dilemmas and Reasoning Roles of Ethical Codes 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 Fundamental Principles Conceptual Framework Step 1: Identify Threats Step 2: Evaluate the Significance of a Threat Step 3: Identify and Apply Safeguards Conceptual Framework Toolkit 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 Conceptual Framework for Independence Fees Financial Interests Loans and Leases Business Relationships Family Relationships Simultaneous Employment or Association with an Attest Client Actual or Threatened Litigation Nonattest Services Breach of an Independence Interpretation 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 Disclosing Information from Previous Engagements Disclosing Information to Clients Disclosing Information to a Third-Party Service Provider Form of Organization and Name Rule Partner Designation Firm Name Rules for Members in Business Chapter 2 Review Questions - Section 2 Chapter 3: Maryland Laws and Regulations Practice of Public Accountancy Continuing Professional Education Peer Review Code of Professional Conduct Professional Obligations Prohibited Practices Discipline and Enforcement Chapter 3 Review Questions Appendix A: Conceptual Framework Worksheet Illustration Appendix B: Conflicts of Interest Appendix C: Threats to Independence Appendix D: Management Responsibilities Glossary |
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