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Selected Topics in Professional Ethics

Author/Moderator: Catherine R. Allen, CPA
Publisher: AICPA
Availability: Online Access
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As a member of the AICPA, you are required to uphold the AICPA's Code of Professional Conduct. Such compliance with the Code helps you retain the confidence of the public, your clients and your peers. Failure to comply could lead to enforcement action against you and/or your firm and result in a variety of sanctions. This course describes the basic tenets of ethical and professional conduct, covering the principles of ethics, and explains why the Code is necessary and how it is organized. You will learn how to identify, describe and respond to conflicts of interest, how to apply ethics rules in your tax practice and when to maintain client confidentiality.

Topics Discussed:

  • The Ethical Decision-Making Model
  • AICPA Codification
  • The Conceptual Framework

Learning Objectives:
When you complete this course, you will be able to:

  • Explain the governance of the accounting profession
  • Describe the structure and content of the AICPA Ethics Codification including the underlying principles.
  • Apply AICPA rule interpretations on integrity, objectivity, confidentiality, and advertising
  • Explain the obligations to exercise due professional care, comply with professional standards, and be competent in performing professional services.
  • Analyze ethical matters using an ethical decision-making model to determine an appropriate course of action.
  • Identify the consequences of violating ethical standards.
  • Apply the ethics rules relating to tax practice, including the AICPA Statements on Standards for Tax Services, Internal Revenue Service (IRS) Circular No. 230, and IRS preparer penalty provisions.

Who Will Benefit?
CPAs looking to better understand the ethics requirements of the AICPA

Prerequisite: None

Advanced Preparation:  None

NASBA Field of Study: Regulatory Ethics
Level: Basic
Recommended CPE Credit: 2
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