Ohio: Ethics for Ohio - Professional Standards and Responsibilities - v13 (Course Id 1562)

Regulatory Ethics - Regulatory Ethics for Course Id 1562

This is an ethics course for Ohio CPAs covering standards of professional conduct and business practices adhered to by accountants such as CPAs in order to enhance their profession and maximize idealism, justice and fairness when dealing with the public, clients and other members of their profession. It also presents an approach - the threats and safeguards approach - to coping with ethical dilemmas.

Chapter 3 covers Ohio Professional Standards and Responsibilities.

NASBA QAS - Text - Technical - NASBA Registry - 1562

Chapter 1
Ethics and Ethical Behavior

• Recognize ethical reasoning used by accountants

Chapter 2
AICPA Code of Professional Conduct

• Identify different principles and rules of the AICPA Code of Professional Conduct
• Identify independence and objectivity issues
• Recognize ethical standards and violations

Chapter 3
Ohio Professional Standards and Responsibilities

• Recognize Ohio Laws and Rules of the Accountancy Board, including accounting standards and ethics standards

Chapter 1:   Ethics and Ethical Behavior

Learning Objectives

The Concept of Ethics

Relationship between Morals and Ethics

Legal, Ethical, and Moral

Causes of Unethical Behavior

Reasoning and Dilemmas

Approaches to Ethical Behavior

Corporate Ethical Development Model

Chapter 1 Review Questions

Chapter 2:   AICPA Code of Professional Conduct

Learning Objectives

Code Structure

Principles of Professional Conduct

Ethical Decision-Making Conceptual Framework

Conceptual Framework Worksheet

Rules of Conduct

1.100 - Integrity and Objectivity Rule

1.110 Conflicts of Interest

1.120 Gifts and Entertainment

1.130 Preparing and Reporting Information

1.140 Client Advocacy

1.150 Use of a Third-Party Service Provider

1.200 - Independence Rule

1.220 Accounting Firms

1.230.010 Unpaid Fees

1.240 Financial Interests

1.260 Loans, Leases, and Guarantees

1.265 Business Relationships

1.270 Family Relationships with Attest Client

1.275 Current Employment or Association with an Attest Client

1.279 Consideration or Subsequent Employment or Association with Attest Client

1.290 Actual or Threatened Litigation

1.295 Nonattest Services

1.297 Independence Standards and Agreed-Upon Procedures Engagements

1.298 Breach of an Independence Interpretation

What is Considered an Ethics Violation

Chapter 2 Review Questions - Section 1

1.300 - General Standards Rule

1.310 - Compliance with Standards Rule

1.320 - Accounting Principle Rule

1.400 - Acts Discreditable Rule

1.510 - Contingent Fees

1.520 - Commissions and Referral Fee

1.600 - Advertising and Other Forms of Solicitation Rule

1.700 - Confidential Information

1.800 - Form of Organization and Name

AICPA Professional Ethics Division

Chapter 2 Review Questions - Section 2

Chapter 3:   Ohio Professional Standards and Responsibilities

Learning Objectives

Ohio Revised Code

4701.04 Registration

4701.06 Requirements for CPA Certificate

4701.10 Issuing Permits to Practice

4701.12 Advertisements

4701.14 Unauthorized Practice

4701.15 Employees

4701.16 Disciplinary Actions

4701.19 Records

4701.99 Penalty

Ohio Administrative Code

4701-7-09 Internet Practice

4701-9 Accounting Standards

4701-11 Ethics Standards

4701-13-02 Public accounting firm registration requirements, renewal deadlines

4701-15 Continuing Education

Chapter 3 Review Questions

Appendix

AICPA Ethics Violation Case Studies

Almost Stolen Clients

Harmless Mistakes

Inadequate Accountant

Ohio FAQs - Continuing Professional Education

CPE Documentation: Do’s and Don’ts

Glossary