Accounting practitioners, both near and far, would be quick to agree that regulatory ethics is the bedrock of our profession. But where to begin? Countless regulatory agencies exist, each with their own set of rules and standards. During this session, will examine each of the regulatory bodies that practitioners should be mindful of, along with overarching standards pronounced by each agency. Additionally, we’ll address changes to the current CPA licensure model along with global trends in business ethics.

Learning Objectives
  • Discover and recall which branch of ethics is closely aligned with regulatory guidance in organizations.
  • Identify prevailing global trends in business ethics.
  • Identify key concepts practitioners should be mindful of when practicing across different jurisdictions.
  • Explore and recall various ethical standards pronounced by select rule making bodies.
    Last updated/reviewed: August 12, 2023
    14 Reviews (77 ratings)

    Reviews

    5
    Anonymous Author
    Frank did a good job with Ethics: The Regulatory Environment. He really drives home the concept ethics, which reminds me of this story. A mathematician, a statistician and an accountant apply for the same job. The interviewer calls in the mathematician and asks "What does two plus two equal?" The mathematician replies "Four." The interviewer asks "Four, exactly?" The mathematician looks at the interviewer incredulously and says "Yes, four, exactly." Then the interviewer calls in the statistician and asks the same question "What does two plus two equal?" The statistician says "On average, four - give or take ten percent, but on average, four." Then the interviewer calls in the accountant and poses the same question "What does two plus two equal?" The accountant gets up, locks the door, closes the shade, sits down next to the interviewer and says "What do you want it to equal?"

    5
    Anonymous Author
    This was an excellent course on ethics from a different perspective than many others. I was tied to the regulation in the industry and covered the role of many of the regulatory bodies overseeing ethics in accounting. Much of it involved ethics for CPAs, but I felt it was also valuable for other accounting professionals.l

    5
    Member's Profile
    This course provided a strong overview of ethical matters as they pertain to CPAs. It was beneficial too to hear about updates to the CPA exam. Even though I passed it long ago, it's good to get an understanding of where the profession is heading and how I can form my professional development to stay "in the club".

    5
    Member's Profile
    I was not certain I would gain a lot from this material, but I was pleasantly surprised. I benefited from the topic of Social Governance, but mostly Global Trends in Business Ethics. That was the most beneficial of the topics in today's post-COVID environment.

    5
    Member's Profile
    I am surprised by how much I could learn in a self paced professional development course for my professional development. I'm goingt to be taking more of these courses in the future.

    4
    Anonymous Author
    broad review of all of the governing organizations that oversee the professional accounting industry including the core principles followed by each body

    4
    Member's Profile
    Good foundational introduction to the regulatory environment we may face and the ethical considerations required to act accordingly in said areas.

    5
    Anonymous Author
    it is really reacy to access concept of required ethic oF cpa. well summarized cpmment and grapics are good to understand. Appreciated.

    5
    Member's Profile
    Helped to lay out the differences among governing bodies and learn how they are responding to change.

    5
    Anonymous Author
    Nice job on detailing the requirements for the regulatory bodies and trends in business ethics.

    5
    Anonymous Author
    Thank you for providing an informative opportunity to complete my ethics cpe requirement.

    5
    Member's Profile
    Excellent overview, instructor was very good at delivering an otherwise boring topic

    5
    Member's Profile
    Like - very current information Disliked: Speakers voice was a bit monotone

    4
    Anonymous Author
    Good refresher on ethics regulatory bodies for accounting professionals.

    Prerequisites
    Course Complexity: Foundational
    No advanced preparation or prerequisites are required for this course.
    Education Provider Information
    Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
    Contact: 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 .
    Instructor for this course
    Course Syllabus
    INTRODUCTION AND OVERVIEW
      An overview to Ethics: The Regulatory Environment2:06
      Branches of Ethics Philosophy and Importance8:54
      Global Trends in Business Ethics2:44
      Regulatory Bodies - State Board of Accountancy and NASBA18:42
      Regulatory Bodies - AICPA10:50
      Regulatory Bodies - SEC, GAGAS, IRS10:30
      Wrap Up1:29
    CONTINUOUS PLAY
      Ethics: The Regulatory Environment55:15
    SUPPORTING MATERIAL
      Slides: Ethics: The Regulatory EnvironmentPDF
      Ethics: The Regulatory Environment Glossary/ IndexPDF
    REVIEW AND TEST
      REVIEW QUESTIONSquiz
     FINAL EXAMexam