CPAs will get an update of their ethical responsibilities under AICPA and state-based regulations. Case studies and practical examples will be used extensively.
Learning Objectives
Upon completion of this course, participants will be able to:
Gain insights into the ethics standards promulgated by the AICPA, State Societies, and State Board authorities as they apply to CPAs in public practice and industry
Use case studies and group discussion to examine the connections between ethics principles, formal rules, and the profession’s public responsibility
Understand how the new ethics codification and the conceptual framework for resolving ethical conflicts will alter current practice
Receive up-to-the-minute coverage of evolving issues such as confidentiality, conflicts of interest, comfort letters, and recent revisions to the Ethics Code
Major Topics
The structure of the ethics rules and the enforcement and disciplinary process.
The public interest and professional ethics – When and why conflicts exist
Ethics dimensions of recruitment, selection, and promotion
Is earnings management alive and well?
The Threats and Safeguards Approach to resolving ethical dilemmas
The threats and safeguards approach to resolving ethical dilemmas
Ethical dimensions of financial reporting in closely held firms
Using AICPA’s restructured Ethics Code
Whistleblowing and the internal control environment
Course Level
Update
Professional Area of Focus
Ethics
CPE Field of Study
Regulatory Ethics
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Who Should Attend
Accountants who are in need of an overview of the ethics requirements that govern the professional services they provide to clients or employers.
