A Basic Ethics Guidebook for Arizona CPAs
Author: Allison McLeod
| CPE Credit: |
4 hours for CPAs |
A CPA is challenged in today’s work world to not only serve his/her client or employer but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find him or herself in an ethical dilemma. This course covers not only basic ethical frameworks, but also specific rules from the AICPA Code of Professional Conduct, and the Arizona Revised Statues, Administrative Rules and Code of Professional Conduct. These sources govern the practice and responsibilities of Arizona CPAs. It concludes with a section on how a CPA can put his or her ethics into action.
Publication Date: April 2023
Designed For
null
Topics Covered
- Part I: Ethics, Morals and Values
- Case Study: Student Suspended After Saving Life
- Case Study: Officer Robert Powell
- Case Study: Sinking of the Royal Charter
- Part II: AICPA Code of Professional Conduct
- Case Study: Auditors Cheating on Qualifying Exam
- Case Study: $40m Embezzlement at Yale Med School
- Case Study: Henry Camferdam
- Case Study: The Vengeful Tax Preparer
- PART III: Arizona State Specific Rules
- Use of CPA Designation & Practice Privileges
- Public Interest
- Due Care
- Independence, Integrity and Objectivity
- Case Study: Stealing Lunch Money
- Confidentiality & Client Records
- Firm Names & Advertising
- Impact of Code Violations
Learning Objectives
- Recognize the ethics of professional accounting as CPAs through the analysis of case studies involving both actual situations and hypothetical facts
- Recognize how to apply ethical judgment in interpreting the rules and determining public interest
- Identify the AICPA Code of Professional Conduct and Arizona law that pertain to CPAs licensed to practice in the state of Arizona
- Describe the course of action that would uphold the intent of the rules in the performance of professional accounting services/work, not just to adhere to the mere technical compliance of such rules
- Describe the rules and their implications for persons in a variety of practices
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Regulatory Ethics (4 hours)
Program Prerequisites
None
Advance Preparation
None
