Ohio: Ethics for Ohio - Professional Standards and Responsibilities - v15 (Course Id 2542)

Individuals in the accounting 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 the 3-hour Ethics CPE requirement for Ohio CPAs renewing their licenses. It discusses standards of professional conduct and business practices that should be adhered to by CPAs in order to maximize idealism, justice, and fairness when dealing with the public, clients, and other members of their profession.

The course begins with a presentation of ethics and ethical reasoning, 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 sections within Ohio Statutes and Rules of Accountancy. Numerous examples are included to help you have a good understand of ethical standards and apply ethical judgment in interpreting the rules.

NASBA QAS - Text - NASBA Registry - 2542

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
Ohio Professional Standards and Responsibilities

• Recognize laws as presented in the Ohio Revised Code (ORC 4701 Accountancy Board Law)
• Identify rules of the Ohio Administrative Code (OAC 4701 Accountancy Board Rules)

Chapter 1:   Ethics and Ethical Reasoning

Learning Objectives

Ethics Concept

Morals and Ethics

Causes of Unethical Behavior

Reasoning and Dilemmas

Chapter 1 Review Questions

Chapter 2:   AICPA Code of Professional Conduct

Learning Objectives

Applicability and Structure

Fundamental Principles

Ethical Decision-Making Framework

Conceptual Framework Approach

Conceptual  Framework Toolkit

Rules for Members in Public Practice

Integrity and Objectivity Rule

Conflicts of Interest

Gifts and Entertainment

Preparing and Reporting Information

Responding to Noncompliance with Laws and Regulations

Independence

Conceptual Framework Approach

Loans and Leases

Nonattest Services

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

Chapter 3:   Ohio Professional Standards and Responsibilities

Learning Objectives

Accountancy Board Laws

Use of Designation

Disciplinary Actions

Ownership of Records

Accountancy Board Rules

Accounting Standards

Ethics Standards

Internet Practice

Continuing Education

Chapter 3 Review Questions

Appendix A: Threats to Compliance with Rules

Appendix B: Safeguards

Appendix C: Conceptual Framework Worksheet

Appendix D: Conflicts of Interest

Appendix E: Threats to Independence

Glossary