|Author :||Colten Christensen, Author|
|Course Length :||Pages: 46 ||| 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 1876
CPAs are professionals that are required to make ethical decisions daily when performing their duties. Ethics are moral principles or values that tend to be unique to each individual and are used to shape decisions. Ethical standards are based on ethical principles. All CPAs are required to apply ethical principles to their practice and to the services they provide. This course identifies why it is crucial for all CPAs to practice ethics and to solve ethical dilemmas that they encounter. Part one of this course will identify the need for ethics in the CPA profession and the ethical principles that all CPAs are required to comply with when performing their duties. This course will review ethics rules, regulations, and entities that provide ethics enforcement for CPAs. Part 2 of this course will review the principles of the AICPA’s Code of Professional Conduct. It will identify when independence is considered to be impaired and define discreditable acts.
Note: This course satisfies the 4 (or less) CPE requirement of the following states: AL, AK, AZ, AR*, CA, CO, CT, DC, GA, HI, ID, IL, IN, IA, KS, KY, ME, MD, MA, MT, NE, NV, NH, NM, NC, ND, OK, PA, PR, SD, VT, VI, and WI.
* In addition to this course, Arkansas CPAs are required to completed 1 Hour of Arkansas State Board of Public Accountancy content. This can be accomplished by completing a free, web based course via the Board's website or attending group training taught by a board member, board staff member, or a designee of the Board.
|Usage Rank :||0|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed.|
|Additional Links :||
Certified Public Accountant (CPA)
|Advance Preparation :||None.|
|Delivery Method :||QAS Self Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE).|
|Revision Date :||20-Apr-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 - 1876
|Keywords :||Regulatory Ethics, Professional, Ethics, CPAs, Colten Christensen, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, students should be able to:
|Course Contents :||
Chapter 1 - Professional Ethics for CPAs
Course Learning Objectives
What Causes Unethical Behavior?
Differing Ethical Standards
Help with Ethical Dilemmas
The consequentialist framework
The duty framework
The virtue framework
Need for Ethics in the CPA Profession
Ethics Rules, Regulations, and Ethics Enforcement for CPAs and Auditors
American Institute of Certified Public Accountants (AICPA)
Securities and Exchange Commission (SEC)
Independence Standards Board
Public Company Accounting Oversight Board
Government Accountability Office (GAO)
When and Where to Apply Yellow Book
GAO Ethics, Independence, and Professional Judgment
The Public Interest
Proper Use of Government Information, Resources, and Positions
Overview of Sarbanes Oxley Act
Officers and Directors:
Increased Criminal Penalties and Fines:
Review Questions - Section 1
Code of Professional Conduct
Introduction to AICPA Code of Professional Conduct
Principles of Professional Conduct
Section 102 - Integrity and Objectivity
Section 201 - General Standards
Interpretations under Rule 201 —General Standard.
Section 203 - Accounting Principles
Interpretations under Rule 203
203-1—Departures from established accounting principles.
203-2—Status of FASB, GASB and FASAB interpretations.
203-4—Responsibility of employees for the preparation of financial statements in conformity with GAAP.
Section 301 - Confidential Client Information
.01 Rule 301—Confidential client information.
Interpretations Under Rule 301
.04 301-3—Confidential information and the purchase, sale, or merger of a practice.
Section 302 - Contingent Fees
.01 Rule 302—Contingent fees.
Interpretation under Rule 302
.02 302-1—Contingent fees in tax matters.
Section 501 - Acts Discreditable
.01 Rule 501—Acts discreditable.
.02 501-1—Response to requests by clients and former clients for records.
.03 501-2—Discrimination and harassment in employment practices.
.04 501-3—Failure to follow standards and/or procedures or other requirements in governmental audits.
.05 501-4—Negligence in the preparation of financial statements or records.
.06 501-5—Failure to follow requirements of governmental bodies, commissions, or other regulatory agencies.
.07 501-6—Solicitation or disclosure of CPA examination questions and answers.
.08 501-7—Failure to file tax return or pay tax liability.
.09 501-8—Failure to Follow Requirements of Governmental Bodies, Commissions, or Other Regulatory Agencies on Indemnification and Limitation of Liability Provisions in Connection With Audit and Other Attest Services.
Section 100-1 Conceptual Framework for AICPA Independence Standards
Review Questions - Section 2
GAO Yellowbook Independence
Independence Compared to the AICPA Code of Professional Conduct
Prohibited bookkeeping services
Independence Guidance for Government Audit Organizations
GAGAS Detailed Information
GAGAS Conceptual Framework Approach to Independence
Provision of Non-audit Services to Audited Entities
Consideration of Specific Non-audit Services