Regulatory Ethics Guidebook for CPAs: AICPA Code of Professional Conduct (Currently Unavailable)

Author: Allison McLeod

CPE Credit:  4 hours for CPAs

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: May 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
  • Components of the Code
  • Integrity and Objectivity Rule
  • Case Study: Fulfilling Its Role
  • Case Study: Subordination of Judgment
  • Independence ET §0.400.21
  • Conflicts of Interest: ET §§1.110.010/2.110.010
  • Contingent Fees: ET §1.510.001
  • Knowing Misrepresentations: ET §1.130.010
  • Threats: ET §1.000.10/2.000.10
  • Responsibility to the Public
  • Case Study: Valeant
  • Responsibilities to Clients or Employers
  • Example: Responsibilities to the Profession
  • Competence: ET §1.300.010
  • Example: Due Care
  • Unpaid Fees: ET §1.230.010
  • Records Requests: ET §1.400.200
  • Confidential Information: ET §1.400.070/2.400.070
  • Responsibilities to the Board/Profession
  • Acts Discreditable Rule §2.400.001
  • Ethical Conflicts: ET §§01.000.020/02.000.020
  • Case Study: From Lawyer to Inmate
  • Whistleblowing Provisions
  • AICPA Code of Professional Conduct

Learning Objectives

  • Describe ethics of professional accounting as CPAs
  • Recognize the intent of the AICPA Code of Professional Conduct and other codes governing CPAs in the performance of professional accounting services/work
  • Identify how the CPA should be applying ethical judgment in interpreting the rules and determining public interest
  • Recognize the AICPA Code of Professional Conduct and their implications for persons in a variety of practices
  • Differentiate what action CPAs should take in various client scenarios
  • Identify how independence could be compromised
  • Recognize what is included under the Due Care principle under ET § 0.300.060
  • Describe when contingent fees for service can be taken


Instructional Method

NASBA Field of Study
Regulatory Ethics (4 hours)

Program Prerequisites

Advance Preparation

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