Regulatory Ethics for CPAs (Completed)

Updated for 2016, this presentation centers around the AICPA’s Code of Professional Conduct and its most common errors and issues in professional ethics for CPAs. These ethical issues impact the professional in the practice of public accounting as well as real-life ethical issues faced by individuals and organizations in industry, government, and education. It addresses newly revised 2016 interpretations, rulings, and legislation that affects CPAs in public accounting firms and employment in industry, government and education.

Who Should Attend
CPAs with an interest in the ethical private company accounting and auditing issues. Attendees should include those in public practice, management and accounting; professional employees in industry; officers, board members; and professionals with an interest for clients, friends or employers.

Topics Covered

• Individual ethics — The participants will hear about: The code of conduct, professional responsibilities, and core values of the profession. How are ethics and ethical behavior defined? What does it mean to be ethical as an accounting practitioner? How does the code of conduct, professional responsibilities, and core values of the profession affect the professional accountant?
• Business ethics — How does making ethical choices in the workplace impact businesses and individuals?
• What is the role and responsibility of organizations in creating an ethical culture?
• What are the newly revised and proposed interpretations, rulings, and legislative issues that affect CPAs in both public accounting firms and employment in industry, government and education?
• Independence — What are the highlights of the AICPA's independence rules, AICPA Interpretation 101-3, and their differences in regards to public accounting?
• Specialized practice areas — What are the specialized ethical responsibilities in practice areas such as tax, industry, and government?
• Future trends — What are the trends that will affect the future of the accounting profession? What trends and changes are being observed by CPAs?
• AICPA on independence and the differences between attest and non-attest services for clients
• Responsibilities of CPAs to their clients on confidentiality and record retention as required by AICPA
• Future implications of CPAs and ethics

Learning Objectives

• Recognize the changes in ethical requirements a CPA licensees remain on top of
• Identify the changes made to the AICPA's Code of Professional Conduct for Members in Public Accounting and Members in Business

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
Basic knowledge in accounting and auditing ethics.

Advance Preparation
None