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, and the Oregon Revised Statues,
Administrative Rules and Code of Professional Conduct. These sources govern the
practice and responsibilities of Oregon CPAs. It concludes with a section on
how a CPA can put his or her ethics into action.
- To apply
the ethics of professional accounting as CPAs through the analysis of case
studies involving both actual situations and hypothetical facts.
- 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 AICPA
Code of Professional Conduct
and Oregon law that pertain to CPAs licensed to practice in the state of Oregon.
Students will become familiar with the Oregon Revised Statues,
Administrative Rules and Code of Professional Conduct, and the Policies
adopted by the Board currently in effect and how the statutes, rules, and
policies pertain to them.
- To determine
the course of action that would uphold the intent of the rules in the
performance of professional accounting services/work, not just to adhere
to the mere technical compliance of such rules.
- To
review and discuss the rules and their implications for persons in a
variety of practices, including:
a. CPAs who provide
assurance, attest or compilation services.
b. CPAs who
provide tax services.