Real World Business Ethics for CPAs in Business & Industry: How Will You React?

Requirements for CPE in ethics vary from state to state. Please contact your state board to confirm your requirements.

This course provides case studies drawn from "real-life" situations involving CPAs in business and industry. It helps you take a proactive, risk-avoidance stance by pointing out common pitfalls and presenting alternative courses of action. You will explore ethical issues encountered by your peers in business and industry from the perspectives of chief financial officer, controller, audit committee chair and counselor to management, in the context of actual regulatory and court proceedings that were resolved both in favor of and against financial managers, officers and CPAs serving on boards of directors. Gain insights from placing yourself in situations that require application and understanding of relevant ethical considerations for CPAs employed in business and industry. You will consider real-world cases that deal with management integrity, financial reporting and disclosure issues, financial fraud, chain of command and communication issues, corporate crises and professional responsibilities in relation to key industry topics such as revenue recognition, materiality and related party transactions, among others. You will leave this course with a renewed sense of appreciation for the pitfalls faced by financial professionals in business and industry and a heightened sensitivity for the types of ethical dilemmas you could face in the future.

Objectives:

• Understand what ethical standards and considerations are critical to CPAs in business and industry
• Recognize the presence of ethical issues
• Apply ethical standards and considerations to "real-life" industry situations

Prerequisite: Experience in financial reporting

Advanced Preparation: None