A CPA is challenged in today’s work world to not only serve his/her client or 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 him or herself in an ethical dilemma. This course covers not only basic ethical frameworks, but also specific rules from the AICPA Code of Professional Conduct, the New York Rules, Regulations and Education Law. These sources govern the practice and responsibilities of New York CPAs. It concludes with a section on how a CPA can put his or her ethics into action.
Publication Date: April 2020
Designed For
NYS licensed CPAs or CPAs practicing in NYS, all Internal Auditors, accountants, EAs, tax preparers and anyone who needs to learn the basics about the profession's ethics standards.
Topics Covered
- Basic ethical frameworks
- Specific rules from the AICPA Code of Professional Conduct
- New York Rules, Regulations and Education Law
- Practice and responsibilities of New York CPAs
- How a CPA can put his or her ethics into action
- Real-life case studies demonstrating ethical dilemmas faced by accountants
Learning Objectives
- Differentiate the rules of ethics for CPAs and professional accountants licensed in New York
- Identify the intent of the AICPA Code of Professional Conduct and the New York Rules, Regulations and Education Law in the performance of professional accounting services/work, not to adhere to the mere technical compliance of such rules
- Recognize how to apply ethical judgment in interpreting the rules and determining public interest. Public interest should be placed ahead of self-interest, even if it means a loss of job or client
- Identify and apply the New York law that pertain to CPAs licensed to practice in the state of New
York
- Recognize New York Revised Statutes, the Rules of the State Board of Accountancy, and the Policies adopted by the Board currently in effect and how the statutes, rules, and policies pertain to them
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Regulatory Ethics (4 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Allison McLeod
Professor McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas, where she has taught classes in Corporate Income Taxes, Multi-jurisdictional Taxes, Individual Taxes, Tax Research, Ethics and Financial Accounting. She has taught as an adjunct professor at the University of North Texas College of Law.
Prior to Professor McLeod going into academia, she worked for 18 years in industry and in a Big Four accounting firm. Professor McLeod earned a law degree from Baylor School of Law, and an LL.M. degree in Taxation from Southern Methodist School of Law. She has been a licensed CPA since 1993 and has been licensed to practice law since 1992. Professor McLeod has enjoyed teaching live ethics course to CPAs since 2011 and is the owner of
www.cpaethicsonline.com, which offers on-line self-study courses to CPAs. She currently serves on the Professional Ethics Committee of the Texas Society of CPAs.which offers on-line self-study courses to CPAs. She served on the Professional Ethics Committee of the Texas Society of CPAs and the AICPA CPA Exam Committee (REG).