Ethics Principles and Conduct for CPAs - 4 CPE Credit Hours
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Title: Ethics Principles and Conduct for CPAs
CPE Hours: 4
Field of Study: Ethics
Content Currency Date: JANUARY 2016
Author: Dr. Walter G. Austin, CPA
Walter G. Austin, Ph.D., CPA, is an Associate Professor Emeritus of the University of Texas at El Paso. He is registered with several state Boards of Public Accountancy as a sponsor of ethics courses. He has published self-paced learning materials for college accounting texts, a computerized audit practice set, audit sampling templates, and several articles in journals. Walter has also written and presented numerous continuing professional education courses for state and local CPA chapters. Aside from his writing and teaching, he has given speeches to various professional and academic organizations such as the National Association of Accountants, the American Accounting Association, and local CPA chapters. Walter has received numerous teaching awards and is a former Senior Auditor in the financial services industry with KPMG Peat Marwick.
This course satisfies the Board of Accountancy Four-hour ethics requirement for all licensees of States with no specific requirement. 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 Education (CE) and CE 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
5. Ethics of Other Professions, Cases, and Current Ethical Problems
• To examine the philosophical aspects of ethics (Unit One)
• To understand the “trust” function in our society (Unit One)
• To discuss definitions of terms that are necessary to understand ethics (Unit Two)
• To understand the newer rules of Independence (Unit Two)
• To describe the applicability of the rules (Unit Three)
• To differentiate Independence in Appearance and Fact (Unit Three)
• To examine the CPA’s responsibilities to clients (Unit Three)
• To examine the impact of non-attest services (Unit Four)
• To understand the rules and regulations pertaining to ethical conduct. (Unit Five)
• Examine the role of the attorney in our society (Unit Five)
• Be able to discuss the Internal Auditor’s Code (Unit Five)
• To discuss the impact of various court cases on the profession (Unit Five)