Description
This course provides an overview of ethical challenges and dilemmas that accountants frequently face and provides strategies for dealing with those dilemmas.
The course draws on several real-world frauds to illustrate the “slippery slope” that often leads to fraudulent behavior. The course also covers the three elements of the “The Fraud Triangle”, providing insight into the conditions that can result in fraud.
This course covers the Professional Ethics material contained in the content specification outline for the Certified Management Accountant (CMA) Part 2 examination.
Topics include:
- Ethical considerations for accounting professionals.
- Ethical dilemmas.
- Examples of fraud.
- Strategies for dealing with ethical dilemmas.
- The Fraud Triangle.
- Differences between legal and ethical behavior.
- Ethical aspects of the Foreign Corrupt Practices Act (FCPA) and the Sarbanes-Oxley Act (SOX).
- Ethical considerations for accounting organizations.
Course Key Concepts: Ethics, ethical behavior, fraud, collusion, embezzlement, Sarbanes-Oxley (SOX), Financial Corrupt Practices Act (FCPA), WorldCom fraud, Sunbeam fraud, The Fraud Triangle, Institute of Management Accountants (IMA) Statement of Ethical Professional Practice.
