|Author :||Joseph P Helstrom, CPA|
|CPE Credits :||3.0|
|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 1304
This 3-hour WI course is designed to meet the 3-hour Ethics CPE requirement for Wisconsin CPAs who are members of the Wisconsin Institute of Certified Public Accountants. It provides an overview of ethical thought along with the core values of the CPA profession. The applicable laws and rules of the Wisconsin Administrative Code, Chapter Accy 1 – Rules of Conduct 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 :||15-May-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 - 1304
|Keywords :||Regulatory Ethics, Wisconsin, Professional, Ethics, cpe, cpa, online course|
|Learning Objectives :||
Course Learning ObjectivesUpon completion of this course, you should be able to:
|Course Contents :||
Chapter 1 - Wisconsin 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
Wisconsin Administrative Code, Chapter Accy 1 – Rules of Conduct
Subchapter I — Applicability and Definitions
Accy 1.001 Applicability of rules of conduct to certified public accountants.
Accy 1.002 Applicability of rules of conduct to certified public accountants who have a significant influence over a CPA−related business or who advertise as a CPA.
Accy 1.003 Definitions.
Subchapter II — Professional Conduct, Integrity, and Objectivity
Accy 1.101 Professional conduct.
Accy 1.102 Integrity and objectivity.
Subchapter III — Competence and Technical Standards
Accy 1.201 General standards.
Accy 1.202 Auditing standards.
Accy 1.203 Accounting principles.
Accy 1.204 Other technical standards.
Accy 1.205 Standards for auditing, accounting and review services, and attestation engagements.
Subchapter IV — Responsibilities to Clients
Accy 1.301 Confidential client information.
Accy 1.302 Contingent fees, commissions and referral fees.
Subchapter V — Other Responsibilities and Practices
Accy 1.401 Acts discreditable.
Case Study: Return of client provided records
Accy 1.402 Advertising or other forms of solicitation.
Accy 1.404 Incompatible occupations.
Accy 1.405 Firm Names.
Case Study: Audit Experts Group
Accy 1.406 Practice while suspended.
Accy 1.407 Communications.
Case Study: Board Complaint
Accy 1.408 Ownership requirements.
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
Case Study – Year End Adjustments and Loan Covenants
1.200 - Independence
Rule 1.300—General Standards Rule
Case Study – Audit Engagement with No Prior Experience
1.310 Compliance with Standards Rule
Case Study – Peer Review Discoveries
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