- Credits: 8
- Format: Self-Study eBook
- Field of Study: Ethics
- Author/Speaker: Walter Austin
|Program Prerequisites:||General Understanding of Ethics|
|Published Date:||© Jan 2020|
“A man should be upright, not kept upright.” Marcus Aurelius
A distinguishing feature of any profession is a rigorous code of ethics. As Marcus Aurelius stated in the above quotation, the code of ethics should not be needed for anything other than to provide guidelines for behavior. Unfortunately, it may be needed for some to keep them upright. The true professional will be willing to stay upright by adhering to the set of ethical principles and standards adopted by his or her profession. This course covers the AICPA Code of Ethics, the California Accountancy Act, the Board of Accountancy Rules and Regulations, and other professional codes of ethics. When the text says “members”, it only is binding to the members of the AICPA. However, the federal and state courts correctly consider this as the minimum standard of conduct for any CPA in the United States of America whether they are a member or not. California laws or rules may differ and need to be adhered to by a covered CPA.
This comprehensive course introduces and explains the ethical standards for the CPA, whether employed in public, governmental, or private accounting. Applications of these are discussed in a professional context. The concepts of integrity and objectivity are discussed. When broad guidelines are used, interpretations are necessary in many cases due to the fact that guidelines are non-specific. Applications of these are discussed in a professional context. This course explains the issues, developments, and problems addressed by recent AICPA, Independence Standards Board, and SEC Ethics pronouncements and updates. The issues discussed are based on the American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct, which is the standard for all CPAs.
After reading the course material, you will be able to:
- Understand the definition of Ethics.
- Examine the Trust Function in our society.
- Be familiar with the Role of the CPA in our society.
- Understand the purpose of the AICPA Code of Ethics.
- Be familiar with the sections of the Code.
- Examine Ethics Rulings and Interpretations.
Who Should Attend:
- All Certified Public Accountants (CPAs)