||Field Of Study
||Author or Speaker:
|| 4 Credits
|| Walter Austin
|Interactive Self Study
This course satisfies the Connecticut Board of Accountancy Four-hour ethics requirement for all licensees. It covers what ethics are and some of the different approaches to ethics. The course covers much of the AICPA Code of Ethics and many interpretations of the Code, particularly in the independence area.
Also covered are the following topics:
• Professional Standards/Pronouncements and Recent Changes and Additions
• Continuing Professional Education (CPE) and CPE Reporting Requirements
• Commissions and Contingent Fees
• Common Violations/Complaints
• Recent Relevant Court Decisions.
Ethics of other professions such as attorneys and internal auditors are discussed and compared to the CPA code of ethics. Relevant court cases and the current Enron case are discussed.
1. Purpose of the Code of Ethics
2. Principles of Ethics
3. Rules of Ethics
4. Interpretations of the Code of Ethics, Ethics of Other Professions, Cases, and Current Ethical Problems
• To examine the philosophical aspects of ethics
• To understand the “trust” function in our society
• To discuss definitions of terms that are necessary to understand ethics
• To understand the newer rules of Independence
• To describe the applicability of the rules
• To differentiate Independence in Appearance and Fact
• To examine the CPA’s responsibilities to clients
• To examine the impact of non-attest services
• To understand the rules and regulations pertaining to ethical conduct.
• Examine the role of the attorney in our society
• Be able to discuss the Internal Auditor’s Code
• To discuss the impact of various court cases on the profession