|Author :||Joseph P Helstrom, CPA|
|Course Length :||Pages: 33 ||| Review Questions: 6 ||| Final Exam Questions: 10|
|CPE Credits :||2.0|
|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 945
This 2-hour course is designed to meet the annual 2-hour Ethics CPE requirement for Michigan CPAs. It provides an overview of ethical thought along with the core values of the CPA profession. The AICPA Code of Professional Conduct is covered in detail. Case studies are utilized throughout the course to emphasize material . Every licensee must submit 3 hours of general ethics and 1 hour of Michigan State Specific Ethics within the 2 year cycle. This course is 2 hours of professional ethics and does NOT cover the 1 hour State Specific Ethics. Please see the Michigan CPA Society for that.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||29-Apr-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 - 945
|Keywords :||Regulatory Ethics, Michigan, Michigan, Professional, Ethics, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Michigan Professional Ethics
What is Ethics?
The Relationship of Morals and Ethics
Legal versus Ethical
Why Should We Study Professional Ethics?
Ethical Core Foundations for CPAs
Case Studies – Threats and Safeguards
Michigan Administrative Code
R 338.5102 Standards of professional practice adopted by reference
R 338.5104 Retention of documents
R 338.5211 Renewal of license with insufficient qualifying hours permitted under certain circumstances; waiver of requirement for additional hours.
R 338.5215 Acceptable continuing education; requirements; limitations.
R338.5230 Relicensure; continuing education
R 338.5255 Qualifying continuing education subjects.
R 338.5401 Responsibility for conduct of supervised persons.
R 338.5405 Independence rule; adoption by reference.
R 338.5435 Licensee competence required to undertake professional engagement.
R 338.5460 Contingent fees.
R 338.5465 Acts constituting discreditable conduct.
R 338.5475 Payment or acceptance of commissions; "commission" defined.
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
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
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
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