New York: Ethics for New York CPAs - v15 (Course Id 2588)

Individuals in the accounting and auditing profession have a considerable responsibility to the general public. To gain public trust and maintain professionalism, professional conduct and ethical behavior are necessary. Adhering to ethical standards is both a professional obligation and a legal requirement. This course is designed to meet the ethics requirements for New York CPAs renewing their licenses.

The course begins with a presentation of ethics and ethical behavior, describing the concept of ethics, identifying the causes of unethical behavior, and explaining the process of ethical reasoning. It covers specific rules governing professional conduct, including the AICPA Code of Professional Conduct, along with the conceptual framework approach to coping with ethical dilemmas, and a review of key provisions of New York State Laws, Rules, 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 in interpreting the rules.

NASBA QAS - Text - NASBA Registry - 2588

Chapter 1
Ethics and Ethical Reasoning

• Recognize ethical reasoning used by accountants

Chapter 2
AICPA Code of Professional Conduct

• Identify the different parts of the AICPA Code of Professional Conduct
• Recognize the core principles within the AICPA Code of Professional Conduct
• Identify the steps within the conceptual framework approach
• Recognize independence and objectivity issues
• Identify ethical standards and violations

Chapter 3
New York State Laws, Rules, and Regulations

• Identify the requirements for practicing public accountancy in New York State
• Recognize unprofessional CPA conduct in New York State

Chapter 1:   Ethics and Ethical Reasoning

Learning Objectives

Ethics Concepts

Morals and Ethics

Causes of Unethical Behavior

Reasoning and Dilemmas

Approaches to Ethical Behavior

Corporate Ethical Development Model

Chapter 1 Review Question

Chapter 2:   AICPA Code of Professional Conduct

Learning Objectives

Applicability and Structure

Fundamental Principles

Ethical Decision-Making Framework

Conceptual Framework Approach

Conceptual  Framework Toolkit

Ethical Conflicts

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

Conceptual Framework Approach

Unpaid Fees

Financial Interests

Loans and Leases

Business Relationships

Family Relationships

Current Employment or Association with an Attest Client

Actual or Threatened Litigation

Nonattest Services

Breach of an Independence

General Standards

Compliance with Standards

Accounting Principle

Acts Discreditable

Fees and Other Types of Remuneration

Contingent Fees

Commissions and Referral Fees

Advertising and Other Forms of Solicitation

False, Misleading, or Deceptive Act

Use of the CPA Credential

Confidential Information

Form of Organization and Name Rule

Partner Designation

Firm Name

Rules for Members in Business

Chapter 2 Review Questions - Section 2

Chapter 3:   New York State Laws, Rules, and Regulations

Learning Objectives

Education Law

Authorized Practice

Use of Designations

Firm Registration

Regulations of the Commissioner

Scope of Practice

Continuing Education

Peer Review Program

Rules of the Board of Regents

General Provisions

Profession of Public Accountancy

Professional Misconduct Enforcement

Chapter 3 Review Questions

Glossary