This is an 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.

Objectives:
1. Identify the different principles of professional conduct as determined by the AICPA.
2. Recognize the CPA responsibilities to the public, clients and colleagues.
3. Identify relationships that could violate the rules of independence under the AICPA codes.
4. Learn of when a CPA can accept contingent fees and commissions.
5. Learn how the AICPA's Statements on Standards for Tax Services (SSTS) apply to the ethical practices of a CPA.
6. Learn about the Sarbanes-Oxley act, and its impact on ethical issues.
7. Develop a good understanding of the framework for using the rules of the Code of Professional Conduct, along with the terminology used by the Code Conduct, and the applicability.

NASBA: Yes QAS Self Study

Delivery Method: Online Self Study

Level: Basic

Prerequisites: None

Category: Ethics

Passing Score: 70%

Author: Delta Publishing

ABOUT THE SUBJECT MATTER EXPERT:
Dr. Jae K. Shim is Professor of Business at California State University, Long Beach,
California. Dr. Shim received his MBA and Ph.D. degrees from the University of California at Berkeley (Haas School of Business.) He has co-authored over 50 professional business books and has been a consultant to commercial and nonprofit organizations for over 30 years.