CPA's Guidebook for Ethical Behavior: Code of Professional Conduct (Currently Unavailable)

Author: Allison McLeod

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 an ethical dilemma. This course covers not only basic ethical frameworks, but also specific rules governing CPA practice and responsibilities. It concludes with a section on how a CPA can put his or her ethics into 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 2021

Designed For
CPAs in client practice of public accountancy who perform attest and non-attest services, CPAs employed in industry who provide internal accounting and auditing services, and CPAs employed in education or in government accounting or auditing.

Topics Covered

• Basic ethical frameworks
• Specific rules governing CPA practice and responsibilities
• How a CPA can put his or her ethics into action
• AICPA Code of Professional Conduct
• Case Study: City of Dixon, IL
• Case Study: Baptist Foundation of AZ
• Case Study: American Cancer Society of Ohio

Learning Objectives

• Describe integrity and objectivity as promulgated by the AICPA Code of Professional Conduct and understand its importance to the CPA
• Identify situations where the CPA may be susceptible to subordinating his/her judgment to a client or employer
• Describe independence as promulgated by the AICPA Code of Professional Conduct and understand its importance to the CPA
• Recognize situations which could threaten a CPA's independence
• Identify how conflicts of interest and the use of contingency fees can subvert independence
• Describe how ethics can be defined as
• Recognize values to which a CPA must adhere to
• Identify examples of objectivity
• Recognize situations that would lead to independence being compromised

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Regulatory Ethics (2 hours)

Program Prerequisites
None

Advance Preparation
None