Regulatory Ethics Part 3: Duty to the Public (Video) (Course Id 2782)

• Who is this course for?
  This course is designed for anyone needing Continuing Professional Education (CPE), including CPAs and accounting professionals seeking ethics-focused continuing education.

• What is this course about or what problem does this course solve?
  This course focuses on a CPA’s duty to the public, covering ethical responsibilities such as due care, client confidentiality, and situations where a CPA may need to report financial fraud or violations of tax rules.

• How can the knowledge from this course be used?
  The knowledge can be used by accounting professionals to better understand and apply ethical principles when handling client information, exercising professional judgment, and addressing potential misconduct or fraud.

• Why is this course important to a CPA or Accountant?
  This course is important because it helps CPAs and accountants understand their ethical obligations to the public, including maintaining confidentiality, exercising due care, and responding appropriately when encountering financial fraud or unethical conduct.

• When is this course relevant or timely?
  This course is relevant whenever CPAs or accounting professionals are performing services that require ethical decision-making, especially when dealing with confidential information, professional responsibility, or suspected financial misconduct.

• How is a course like this consumed or used?
  This course is consumed as a self-study video course where participants review the video material, complete review questions, and pass a final exam with a minimum score of 70% to earn CPE credit.

This course will be focusing on the concepts of due care and client confidentiality as the CPA carries out his/her responsibility to the public.   We will also discuss the CPA’s duty to “blow the whistle” in situations where the professional becomes aware of financial fraud or subversion of the tax rules.  As part of this course, we will also walk through real world examples of individuals and companies faced with these dilemmas.  

Video - NASBA QAS - NASBA Registry - 2782

Course Learning Objectives

1. Be able to define a CPA’s responsibility to the public and apply related concepts such as due care and client confidentiality in practice.
2. Be able to discuss a CPAs potential duty to blow the whistle in certain circumstances even though it may result in a negative consequence to the whistleblower.

Chapter 1 - Regulatory Ethics Part 3: Duty to the Public

Chapter 1 Review Questions

Key Terms