Real World Business Ethics for CPAs in A&A: How Will You React ?

Requirements for CPE in ethics vary from state to state. Please contact your state board to confirm your requirements.

This course provides case studies drawn from "real-life" situations involving CPAs in accounting and auditing practices. It helps you take a proactive, riskavoidance stance by pointing out common pitfalls and presenting alternative courses of action. You will explore ethical issues in the context of actual regulatory and court proceedings that were resolved both in favor of and against A&A professionals in public practice. Gain insights from placing yourself in situations that require application and understanding of relevant ethical considerations. You will consider real-world A&A cases that deal with professional responsibilities of engagement and engagement quality review partners, managers and staff in the context of key A&A ethical matters such as independence, permitted and prohibited services, earnings management issues, records management and client confidentiality. You’ll consider these issues in relation to key A&A topics faced by every business and their professionals, such as revenue recognition, materiality, controls and procedures and financial reporting questions or failures, among others. You will leave this course with a renewed sense of appreciation for the pitfalls faced by every financial professional in public practice and a heightened sensitivity for the types of ethical dilemmas you could face in the future.

Objectives: 

• Understand what ethical standards and considerations are critical to accounting and auditing professionals
• Recognize the presence of ethical issues
• Apply ethical standards and considerations to "real-life" situations

Prerequisite:  Experience in financial reporting