CPAs must seamlessly transition to a profession that relies heavily on conformance with technical and ethical standards. It is critical for CPAs to seek to serve the public interest with a strong sense of character, integrity, competence, and due professional care. In addition, CPAs must appropriately safeguard any threats to independence and objectivity. This course will provide an overview of the basic principles of the AICPA’s Code of Professional Conduct with practical implementation examples.
Major Topics:
- The AICPA Code of Professional Conduct
- The Conceptual Framework for Independence
- Safeguarding independence when performing both attest and non-attest services
- Real-life difficult scenarios and ethical dilemmas commonly faced by new professionals
Prerequisites
No Advanced Preparation or Prerequisites are needed for this course.
Designed For: Accountants who need to understand the foundational principles of the CPA profession.
Learning Objective
- Discover and describe what it means to be a professional.
- Identify and discuss courteous, conscientious and businesslike behaviors.
- Explore and explain the importance of character, integrity and serving the public interest.
- Recognize and describe the importance of appropriately maintaining independence and objectivity.
Last updated/reviewed: March 10, 2024
(0) Reviews
(69 rating)Lesson Questions and Answers0 Questions
There are no questions.
Answers to Frequently Asked Questions (FAQs)
Jennifer Louis
CPA, President of Emergent Solutions Group LLC
INTRODUCTION AND OVERVIEW
- Introduction to AICPAs Code of Conduct 1:02
- Overview 10:36
- Competency and Due Care 10:42
- Responsibilities to Clients 8:10
- Independence and Objectivity 15:46
- Independence and Objectivity Cont'd 14:02
- Performing Attest and Non-Attest Services 15:11
- Acts Discreditable 6:18
- Resolving Ethical Dilemmas 10:08
- Wrap Up 7:54
CONTINUOUS PLAY
SUPPORTING MATERIALS
- Slides: AICPAs Code of Professional Conduct PDF
- AICPAs Code of Professional Conduct Glossary/Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
Ask the instructor a question about this lesson