Instructor for this course

Please note that this is a "text-based", not a "video-based" course. The materials are downloaded by the user, read and absorbed, and then the user takes the review and final assessment online at Illumeo as usual, where, once passed, all CPE is tracked and kept for long-term reference.

In this case study we cover: 

  • Madoff – Ponzi Scheme
  • SEC Complaint
  • AICPA Code of Conduct
  • Joint Ethics Enforcement Program

Review Questions and Final Exam are completed under section "Review and Test".

Learning Objectives

  • Describe the AICPA Code of Professional Conduct
  • Describe the AICPA Joint Ethics Enforcement Program
Last updated/reviewed: October 5, 2018

5 Reviews (15 ratings)Reviews

Member's Profile
This was well done and interesting. It kept my attention and clearly explained the role and failures of the Madoff auditors. I hadn’t given much thought to the ancillary players who aided the fraud.
Member's Profile
A well-known case. I was very informative to see the analysis of this case in relation to the AICPA Code of condact.
Anonymous Author
Liked breakdown of the case but contained too much verbatim from the code of conduct
Member's Profile
Well-written and full of links to documentation for further study.
Anonymous Author
Interesting case study describing a high profile case


Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
Course Materials
  PDFBernard Madoff Investment Securities' Auditor
Review and Test