Professional Ethics: The AICPA's Comprehensive Course (Online)

Overview

The Connecticut State Board of Accountancy requires the completion and passage (90% or better) of the “Professional Ethics: The AICPA’s Comprehensive Course” for certification.

Ethical accounting is nonnegotiable
Honesty, objectivity, and professional conduct are crucial components of the accounting and finance profession. Understand the fundamentals of ethical accounting, including how to:

Objectively view and analyze ethical matters
Apply the AICPA independence rules regarding personal financial interests, loans, employment, and business relationships that relate to you and your immediate family
Adhere to the AICPA Code of Professional Conduct and apply the code’s conceptual framework

Along with the AICPA Code of Professional Conduct, you’ll learn about:

Independence rules from regulators, including the SEC and PCAOB
Rules that apply to government auditors and audits of employee benefit plans, federally funded charitable organizations, financial institutions, and insurance

Last but not least, you’ll learn when to apply the appropriate ethics rules when you provide professional tax services. Appropriate ethics rules could entail

AICPA Code of Professional Conduct
Statements on Standards for Tax Services
U.S. Treasury Department’s Circular No. 230;
Internal Revenue Code (IRC) provisions applicable to federal tax practice.

Please note: This product is frequently updated and therefore expires one year from date of purchase.

Objectives

When you complete this course, you will be able to:

Recognize the bodies that set ethics rules and regulations for the accounting profession.
Recall the “General Standards Rule,” the “Compliance with Standards Rule,” and the “Accounting Principles Rule” of the AICPA Code of Professional Conduct.
Recall how to respond to pressure when preparing and reporting information.
Recall how to apply the conceptual framework.
Recognize the fundamental concepts underlying the “Independence Rule” of the AICPA Code of Professional Conduct.
Identify situations in which the independence rules apply to you and your family.
Identify the requirements for performing nonattest services for an attest client.
Recall the types of business relationships with clients that create threats to independence.
Indicate AICPA ethics interpretations on integrity, objectivity, confidentiality, and advertising.
Identify SEC, PCAOB, GAO, and other regulatory and independence rules.
Recall the standard-setting bodies and regulators relevant to tax practice.

Highlights

Introduction to the AICPA Code of Professional Conduct
Conceptual framework of the AICPA Code of Professional Conduct
Independence rules from the AICPA and other regulators
Ethics rules per the AICPA and the U.S. Government
Activities that discredit the profession
Ethics interpretations issued by PEEC

Designed For

Accounting and finance professionals earning a CPA license
CPAs maintaining their CPA license

Notice

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