This course is for CPAs working in private industry with an update of their ethical responsibilities under AICPA and state-based regulations. The course focuses on the dual role of the CPA who is both an employee and an officer of the organization, and who also plays a role in the company’s financial reporting. Cases and examples will be used extensively as a basis for discussing the issues involved. (Also available in an 8-hour format)
Course ID: EUBI
Ethics Update for CPAs in Business
- Upon completion of this course, participants will be able to:
- Identify the AICPA ethics requirements for practitioners in industry
- Recognize the current regulatory environment for public and non-public companies – How do they compare?
- Ask themselves if individuals are ethical and are accountants supposed to be different?
- Distinguish bias versus professional skepticism in accounting judgments
- Gain insights into if there are inter-generational differences in ethics?
- Discover threats and implement a safeguards approach to resolving ethical dilemmas
- Know AICPA’s restructuring of the Ethics Code
- Identify confidential information and conflicts of interest – Recent guidance
- Receive a fast-paced overview of ethics standards promulgated by the AICPA and State Societies as they apply to CPAs working in the business world
- Examine the connections between ethics principles, formal rules, and the profession’s public responsibility
- Understand the ethical dimensions of the responsibilities CPAs have when preparing financial statements
- Become aware of AICPA’s ethics guidelines for resolving issues affecting the CPAs working in the business world
- Receive up-to-the-minute coverage of evolving issues and recent revisions to the Ethics Code