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, the New York Rules, Regulations and Education Law.
These sources govern the practice and responsibilities of New
York CPAs. It concludes with a section on how a CPA can put his or her ethics
into action

COURSE OBJECTIVES 

1. To assimilate
   the rules of  ethics for CPAs and
   professional accountants licensed in New York.

2. To ascertain
   intent of the AICPA Code of Professional Conduct and the New York Rules,
   Regulations and Education Law in the performance of professional
   accounting services/work, not to adhere to the mere technical compliance
   of such rules.

3. To apply
   ethical judgment in interpreting the rules and determining public
   interest. Public interest should be placed ahead of self-interest, even if
   it means a loss of job or client.

• To analyze and apply the New York law that pertain to CPAs
  licensed to practice in the state of New York. Students will become familiar
  with the New York Revised Statutes, the Rules of the State Board of
  Accountancy, and the Policies adopted by the Board currently in effect and how
  the statutes, rules, and policies pertain to them.  Specific rules reviewed include the
  following:

• • • • • • • Retention and maintenance of work papers
            • Competency requirements for attest and compilation services
            • Failing to maintain an active registration when using the title of
              designation
            • Reportable events
            • Commissions and referral fees, including mandatory disclosure