Professional Conduct and Ethics for California CPAs - 4 CPE Credit Hours
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Title: Professional Conduct and Ethics for California CPAs
CPE Hours: 4
Price:
Field of Study: Ethics
Level: Basic
Prerequisites: None
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 the California State Board 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.)
Course Description:
This course satisfies the California Board of Accountancy FOUR-hour ethics requirement for all licensees. It covers what ethics are and some of the different approaches to ethics. The course covers all of the AICPA Code of Ethics and many interpretations of the Code, particularly in the independence area. This course DOES NOT satisfy the 2 hour regulatory review requirement. You must take the California Regulatory Review course to satisfy this requirement.
The California Accountancy Act and the California Board of Accountancy Rules and Regulations are examined. Also covered are the following topics:
• Professional Standards/Pronouncements and Recent Changes and Additions
• Continuing Education (CE) and CE Reporting Requirements
• Active/Inactive Status
• Return to Active Status (Reentry)
• Delinquent Status
• License Cancellation
• Records Retention
• Reportable Events
• Regulation 3, Change of Address
• Use of the CPA Designation Name Styles
Unit Titles:
1. Purpose of the Code of Ethics
2. California Accountancy Act
3. California Board of Accountancy Rules and Regulations
4. Ethics of Other Professions, Cases, and Current Ethical Problems
Objectives:
• To understand the need for Ethics. (Unit One)
• To understand the Definitions used in the California Accountancy Act (Unit Two)
• To examine the Practice of Public Accounting in California (Unit Two)
• To understand the rules and regulations pertaining to ethical conduct. (Unit Three)
• Be able to describe Renewal of License requirements (Unit Three)
• Examine the role of the attorney in our society (Unit Four)
• Be able to discuss the Internal Auditor’s Code (Unit Four)
• Understand the Financial Executive Institutes’ recommendations for reform (Unit Four)
• To discuss the impact of various court cases on the profession (Unit Four)
