|Author :||Patricia McCarthy, MBA|
|CPE Credits :||3.0|
|IRS Credits :||0|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Regulatory Ethics - Regulatory Ethics for Course Id 1368
This 3-hour course is designed to meet the 3-hour Ethics CPE requirement for Ohio CPAs. It provides an overview of ethical thought along with the core values of the CPA profession. The applicable laws and rules promulgated under Chapter 4701 of the Ohio Revised Code and Chapter 4701 of the Ohio Administrative Code are covered in detail. The AICPA Code of Professional Conduct is also covered in detail. Case studies are utilized throughout the course to emphasize material.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||20-Apr-2018|
|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 - NASBA Registry - 1368
|Keywords :||Regulatory Ethics, Ohio, Ohio, Professional, Ethics, v08, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Ohio 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
Chapter 4701 – Ohio Revised Code - Accountancy Board Law
4701.13 Publication of annual register.
4701.14 Unauthorized practice.
4701.16 Disciplinary actions.
Chapter 4701-Ohio Administrative Code – Accountancy Board Rules
4701-7-04 Practice of public accounting and regulated services.
4701-7-09 Internet practice.
Chapter 4701-9 Accounting Standards
4701-9-01 Integrity and objectivity.
Case Study: Year End Adjustments and Loan Covenants – Integrity and Objectivity
4701-9-02 General standards.
4701-9-03 Generally accepted auditing standards.
4701-9-04 Generally accepted accounting principles.
4701-9-05 Attestation standards.
4701-9-06 Accounting and review services standards.
4701-9-08 Consulting standards.
4701-9-09 Tax services standards.
4701-9-10 Quality control standards.
Chapter 4701-11 Ethics Standards
4701-11-02 Confidential client information.
4701-11-03 Contingent fees.
Case Study: A Little Extra Income – Contingent Fees
4701-11-04 Commissions and referral fees.
4701-11-05 Form of practice and name.
Case Study: Audit Experts Group - Name Requirements
4701-11-06 Retention of client records.
Case Study: Client Switching CPA Firms – Record Retention
4701-11-07 Board communications.
4701-11-09 Acts discreditable.
Case Study: Busy Season was too Busy – Failure to File Tax return
4701-11-10 Application of ethics rules to non-CPA owners.
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
1.200 - Independence
Rule 1.300—General Standards Rule
1.310 Compliance with Standards Rule
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
2.300.001 — 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