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Every CPA must comply with a Code of Professional Conduct, which is a hallmark of the CPA designation. CPAs in public practice must overcome higher barriers, such as when attest service providers must also retain independence. This course will provide an overview of the core principles from which the CPA profession is built upon.

Course Highlights:

  • Core principles of any Code of Professional Conduct applicable to all CPAs, including conflicts of interest, preparing and reporting information, competence, confidential information, and more.
  • The importance of maintaining independence for CPAs in public practice, especially when also performing nonattest services for the attest client.
  • Comparing and contrasting various ethical standards, including those promulgated by the AICPA, PCAOB, and international bodies.

 

Learning Objectives

  • Discover and describe core principles underlying the any Code of Professional Conduct that apply to both CPAs in public practice and industry, whether designated by the AICPA, PCAOB, or an international body.
  • Explore and explain common ethical dilemmas faced by all CPAs and how they can be safeguarded to an acceptable level.
Last updated/reviewed: June 6, 2021

Included In Certifications

This course is included in the following Certification Programs:

13 CoursesAudit Training Level 3 - In-Charge/ Senior

  1. Fraud Trends - Applying Real-life Lessons to Small and Mid-Size Entities
  2. Reviewing Workpapers - Embracing Responsibilities for Quality Control
  3. Advanced Audit Planning Concepts - Ensuring an Effective and Efficient Audit
  4. Internal Controls to Mitigate Financial Reporting Risk - Designing Stronger Internal Controls for Small or Mid-Size Entities
  5. Auditing Revenue Recognition - Grasping the Higher Risks and Special Audit Considerations
  6. Auditing Contingencies and Going Concern Uncertainty - Testing for Completeness and Proper Disclosure
  7. Audit Reporting Advanced Concepts - Understanding the Impact of General Audit Procedures on Disclosures and Audit Report Modifications
  8. Critical Traits of a Thinking Auditor - Stretching Experienced Auditors Beyond the Basics
  9. Client and Engagement Management - Managing the Black Holes that Erode Profitability
  10. Supervisor Skills - Coaching Staff to Stay on the Right Track
  11. Professional Ethical Considerations for CPAs
  12. Accounting Update - Hot Topics for Preparing Current Period Financial Statements
  13. Auditing & Attest Update - Hot Topics for Current Period Audits and Other Attest Services

Prerequisites

Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.
Designed for: Any CPA who must comply with a Code of Professional Conduct .

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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
  0:55Learning Objectives for Professional Ethical Considerations for CPAs
  12:24Overview
  6:52Principles of Professional Conduct
  22:42Independence Rules
  18:42Performing Non-attest Services for an Attest Client
  3:02Gifts and Entertainment
  8:55Preparing and Reporting Information
  3:54Competence
  4:24Confidential Client Information
  18:54Real Life CPA Ethical Dilemmas
CONTINUOUS PLAY
  1:40:44Professional Ethical Considerations for CPAs
SUPPORTING MATERIAL
  PDFSlides: Professional Ethical Considerations for CPAs
  PDFProfessional Ethical Considerations for CPAs Glossary/ Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM