Professional Ethics and Updates for Texas CPAs

  • Credits: 4
  • Format: Self-Study eBook
  • Field of Study: Ethics
  • Author/Speaker: Walter G. Austin, Ph.D., CPA
Course ID: Advanced Preparation: Experience Level:
WA-101.20 None Overview
Published Date: Program Prerequisites: Other Course Formats:
© January 2020 Basic Understanding of Taxes Self-Study eBook
COURSE DESCRIPTION

“A man should be upright, not kept upright.” Marcus Aurelius

A distinguishing feature of any legitimate profession is a rigorous code of ethics. As can be inferred from the above quotation by Marcus Aurelius, any code of ethics should not be needed for anything other than to provide guidelines for behavior that is already based on good character. Unfortunately, codes of ethics may be needed for some people to keep them upright. But the true professional will be willing to stay upright on his own by adhering at least to the set of ethical principles and standards adopted by his/her profession. And the spirit of the CPA’s Code of Ethics is about more than merely trying to stay “in bounds” with fundamental rules. Today more than ever, CPAs need to step up to the absolute highest level of ethical conduct to gain back trust lost in recent years. Again, the rules of The CPA Code of Ethics itself represents a minimum standard of higher ethical conduct. The intent of the Code, of course, is to protect society and to allow our capitalistic system to work for it. If CPA conduct does not do its part to help protect our society, then a new system of protection in regards to CPAs will have to be established by some group in order for our economic system to prosper as it should. Resultantly, the CPA community should always strive to discipline itself rather than having the government sector or society do so. If not, society can in effect discipline the CPA community by not trusting its words or works. Without such trust, the CPA community is useless.

This course satisfies the Texas State Board of Accountancy's four-hour ethics course requirement for all licensees.

Learning Objectives:

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)
  • Enrolled Agents (EAs)
  • Tax Return Preparers (TRPs)

 

Qualifies and Approved with all State Boards of Accountancy and the following sponsorship’s:
NASBA