A Back and Forth Discussion of CPA Ethics
Author: Allison McLeod
| CPE Credit: |
4 hours for CPAs |
This course covers the dangers of the clean hands dilemma and specific rules governing CPA practice and responsibilities. It concludes with a section on how a CPA can manage ethical conundrum. A CPA is challenged in today’s work world to not only serve clients or an employer, but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find themselves in a dilemma of determining the correct course of action.
Join speaker and author, Allison M. McLeod, LL.M., CPA, as she educates and informs CPAs on rules and regulations covering CPA practice standards and their duty to the public! As part of this course, we will also look at real world examples of individuals and companies faced with moral dilemmas.
Publication Date: June 2024
Topics Covered
- Part I: Ethics, Morals and Values
- Case Study: Student Suspended After Saving Life
- Case Study: Officer Robert Powell
- Case Study: Sinking of the Royal Charter
- Part II: AICPA Code of Professional Conduct
- Case Study: Auditors Cheating on Qualifying Exam
- Case Study: $40m Embezzlement at Yale Med School
- Case Study: Henry Camferdam
- Case Study: The Vengeful Tax Preparer
- Texas Rules of Professional Conduct
Learning Objectives
- Determine the correct course of action when moral and ethical paths diverge
- Identify the CPA's duty to the public and when it takes priority over the wishes of the CPA's employer or client
- Describe the ethical obligations of a professional accountant
- Recognize the intent of the AICPA Code of Professional Conduct and other codes governing CPAs in the performance of professional accounting services/work
- Recognize the AICPA Code of Professional Conduct and their implications for persons in a variety of practices
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Regulatory Ethics (4 hours)
Program Prerequisites
None
Advance Preparation
None
