||Field Of Study
|Interactive Self Study
Ethics for Arkansas
This is an Arkansas ethics course covering standards of professional conduct and business practices adhered to by accountants such as CPAs in order to enhance their profession and maximize idealism, justice and fairness when dealing with the public, clients and other members of their profession. It also presents an approach --the threats and safeguards approach –to coping with ethical dilemmas. The Sarbanes-Oxley Act and its impact on business ethics, new internal control requirements, and the CPA’s responsibilities are summarized. Also included are some cases of AICPA ethics violations.
Note: CPAs must take 1 hour of ethics from the Arkansas Board or their website once every renewal cycle. This course fulfills 4 hours of ethics, but the 1 hour must still be taken.
Who Should Attend: Licensed Arkansas CPAs
- Chapter 1: Ethics and Ethical Reasoning
- Chapter 2: AICPA Code of Professional Conduct
- Chapter 3: Other Ethical Standards
• Recognize ethical reasoning used by accountants.
• Identify different principles and rules of the AICPA Code of Professional Conduct.
• Identify independence and objectivity issues.
• Recognize ethical standards and violations.
• Identify the key issues of corporate responsibility law (Sarbanes-Oxley act) that influence auditor independence.
• Identify licensing and disciplinary mechanisms within the profession.
• Identify the ethical standards required of accountants and financial professionals by the Institute of Management Accountants (IMA).