|Author :||Patricia McCarthy, MBA|
|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 1771
This 4-hour course is designed to meet the 4 hour Ethics CPE requirement for Washington State CPAs as outlined by the Washington State Board of Accountancy. This course covers the Washington State Public Accountancy Act and the Board’s rules and policies. It also discusses the AICPA Code of Conduct and the key differences between Washington State law and the AICPA Code of Conduct.
Approved by the Washington State Board of Accountancy as meeting the minimum requirements of WAC 4-30-134(6) which requires four CPE hours in the subject area of professional ethics and regulations with specific application to the practice of public accounting in Washington State.
|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 :||19-Dec-2020|
|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 - 1771
|Keywords :||Regulatory Ethics, Washington, Ethics, Professional, Conduct, Washington, CPAs, 2021, WABoA, Approved, cpe, cpa, online course|
|Learning Objectives :||
Course Objective: To understand the statutes and rules that apply to Washington State CPAs and how to apply them in their professional lives.
Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Ethics and Professional Conduct for Washington CPAs 2021
Public Expectations of the CPA’s Responsibility
RCW 18.04 Public Accountancy Act
Washington Administrative Code
Legislative Changes – June 30, 2023
Washington State Board of Accountancy
Board of Accountancy. RCW 18.04.035
Washington State Board of Accountancy Policies
Policy 2002-2 Expert Witness Services -
Policy 2002-4 – International Reciprocity
Policy 2003-1 - Safe Harbor Report Language for Use by Non-CPAs
Policy 2004-1 – Administrative Violations Guidelines - Revised April 2020
Policy 2012-1 - Social Media
Policy 2017-1 Investigative and Disciplinary Processes - Revised April 2020
Policy 2017-2 -Publication and Disclosure of Disciplinary Actions
Policy 2020-1 – Peer Review - Updated April 2020
Washington Administrative Code WAC 40-30
How can I contact the board? WAC 4-30-026
What rules govern the proceedings before the board? WAC 4-30-028
What are the requirements for communicating with the board and staff? WAC 4-30-030
Do I need to notify the board if I change my address? WAC 4-30-032
Must I respond to inquiries from the board?
What enforcement actions must be reported to the board?
Fees WAC 4-30-038
Ethics and Prohibited Practices
What are the requirements concerning integrity and objectivity?
When is independence required?
What restrictions govern commissions, referral, and contingent fees?
What are the requirements concerning competence?
Compliance is required with which rules, regulations and professional standards?
Records and clients confidential information -
Client Records -
One of the most common disciplinary violations is failure to provide client records.
What acts are considered discreditable?
What are the limitations on advertising and other forms of solicitation?
What are the limitations regarding individual and firm names?
Does the board authorize the use of any other titles or designations?
What is the effect on a Washington individual licensee or CPA-inactive certificate holder in the armed forces, reserves, or National Guard if the individual receives orders to deploy for active military duty? -
Individual Licensing by Interstate Reciprocity
Must an out-of-state individual holding a license from another state apply and obtain a Washington state license to hold out and practice in Washington state? WAC 4-30-090
CPA Firm Organization and Ownership
What are the allowable legal forms of organization and ownership requirements for a CPA firm? -WAC 4-30-110
Firm Licensing Requirements
WAC 4-30-112 In state and out-of-state firm licensing requirements
How do I apply for and maintain a firm license? WAC 4-30-114
Conversions, Retirements and Reinstatements
How do I reinstate a lapsed individual license, CPA-inactive certificate or registration as a resident nonlicensee firm owner? WAC 4-30-124
What are the quality assurance review (QAR) requirements for licensed CPA firms? WAC 4-30-130
Qualifying continuing professional education (CPE) activities.4-30-132
Reporting periods, carry-forward/back, and limitations on continuing professional education (CPE) credit. WAC 4-300-133
Continuing Professional Education
Reporting continuing professional education (CPE) to the board WAC 4-30-136
Continuing professional education (CPE) documentation requirements.
Investigations, Discipline and Enforcement
What are the bases for the board to impose discipline?
About the AICPA Code of Professional Conduct
Comparison: Washington State Law, Title 4 WAC and the AICPA Code of Conduct Comparison
Professional Code of Conduct
Differences: Washington State Law, Title 4 WAC and the AICPA Code of Conduct
Independence and Objectivity
Fees and other types of remuneration
Advertising and Other Forms of Solicitation
Form of Organization Name
The AICPA Code of Professional Conduct
About the Code
Rule 1.100 Integrity and Objectivity
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
A Little Extra Income – Contingent Fees
Audit Experts - Competence and Name Requirements
Adjusting Journal Entries - Work Paper Retention
Appendix A - Legislative Changes- June 30, 2023
Appendix B - Fees WAC 4-30-038
Appendix C - Armed Forces, Reserves and National Guard
Definitions - WAC 4-30-010