Ethics for Accountants (4 hrs)

Chapter 1 Ethics and Ethical Reasoning
After studying this chapter, you should be able to:
● Identify the characteristics of ethics.
● Recognize ethical reasoning used by accountants.

Chapter 2 AICPA Code of Professional Conduct
After studying this chapter, you should be able to:
● Differentiate between rulings and principles of the AICPA’ Code of Professional Conduct.
● Identify the six principles and list the eleven rules of the AICPA Code of Professional Conduct.
● Recognize ethics rulings on independence.
● Resolve ethical dilemmas using the threats and safeguards approach, a conceptual framework.

Chapter 3 Other Ethical Standards
After studying this chapter, you should be able to:
● List the key features of corporate responsibility law (Sarbanes-Oxley act) that influence auditor independence.
● List consulting services prohibited by the Sarbanes-Oxley (SOX) Act of 2002.
● Identify licensing and disciplinary mechanisms within the profession.
● Outline the AICPA’s Standards for Tax Services.
● Identify the ethical standards required of accountants and financial professionals by the Institute of Management Accountants (IMA).