|Author :||Joseph P Helstrom, CPA|
|Course Length :||Pages: 43 ||| 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 1373
This 4-hour course is designed to meet the 4-hour ethics CPE requirement for New Hampshire 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. New Hampshire Board rules from Chapter Ac 500 and selected rules from Chapter Ac 400 are 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 :|
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||03-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 - 1373
|Keywords :||Regulatory Ethics, New Hampshire, Professional, Ethics, New Hampshire, 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 New Hampshire 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
New Hampshire Board of Accountancy Rules, Chapter Ac 500 - ETHICS
PART Ac 501 APPLICABILITY
Ac 501.01 Application to All Professional Services.
Ac 501.02 Violations of Rules Also an Act of Misconduct.
Ac 501.03 Licensee Responsibility for Associates
Ac 501.04 Applicability to Indirect Services.
PART Ac 502 INDEPENDENCE
Ac 502.01 Opinion on Financial Statements.
Case Study - Independence
PART Ac 503 INDEPENDENCE, INTEGRITY AND OBJECTIVITY
Ac 503.01 Standards of Integrity and Objectivity.
Case Study - Integrity and Objectivity
PART Ac 504 GENERAL STANDARDS OF ACCOUNTING PRINCIPLES
Ac 504.01 Professional Standards.
Ac 504.02 Accounting Principles.
Case Study - Competence
PART Ac 505 CONFIDENTIAL CLIENT INFORMATION
Ac 505.01 Disclosure of Confidential Information.
Ac 505.02 Use of Third Party Service Providers.
PART Ac 506 CONTINGENT FEES
Ac 506.01 Prohibition.
Ac 506.02 Contingent Fee
Ac 506.03 Fees.
Case Study – Contingent Fees
PART Ac 507 ACTS DISCREDITABLE
Ac 507.01 Prohibition.
Ac 507.02 Advertising and Other Forms of Solicitation.
Ac 507.03 Commissions.
Ac 507.04 Referral Fees.
Ac 507.05 Form of Practice and Name.
Ac 507.06 Registered Investment Advisors.
PART Ac 405 PEER REVIEW
Ac 405.01 Definitions.
Ac 405.02 Peer Review Required.
Ac 405.03 Ethical Duties of Reviewer.
Case Study - Peer Review
PART Ac 404 ONGOING REQUIREMENTS
Ac 404.01 Severance of Connection.
Ac 404.02 CPA Outsourcing Disclosures to Clients.
Ac 404.03 Retention of Client Records.
Case Study - Return of client provided records
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
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