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 governing CPA practice and
responsibilities. It concludes with a section on how a CPA can put his or her
ethics into action
Learning
objectives:
- To educate licensees in
ethics of professional accounting as CPAs. - To convey the intent of
the AICPA Code of Professional Conduct and other codes governing CPAs in
the performance of professional accounting services/work, not to adhere to
the mere technical compliance of such rules. - To assist the CPA in
applying 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 review and discuss
the AICPA Code of Professional Conduct and their implications for persons
in a variety of practices, including:-
- CPAs in client practice of public accountancy who perform attest and
non-attest services. - CPAs employed in industry who provide internal accounting and auditing
services. - CPAs employed in education or in government accounting or auditing.
- CPAs in client practice of public accountancy who perform attest and
-