Regulatory Ethics
There are no prerequisites.

Course Description

Ethics and Professional Conduct for Arizona CPAs is designed to meet the four-hour ethics CPE requirement for Arizona CPAs. The course covers the Arizona Revised Statutes Title 32, Chapter 6 (together with the Administrative Code), which govern Arizona's Board of Accountancy. In addition, the materials address the essential features of the AICPA's Professional Ethics and Code of Conduct. You'll come away with a greater understanding of how to apply ethics statutes to your professional life.


Patricia McCarthy, MBA

Patricia McCarthy, MBA, is a partner at CFO Resources LLC, a company focused on training and courseware for CPAs. Her focus is on Microsoft products, particularly Excel, and how to use these programs effectively in business. She’s also certified as an MOS expert in Excel. Patricia has been in software training for over 20 years, and her client list includes the Indiana CPA Society, which awarded her its Outstanding Discussion Leader award.

She has been a contributor to the Journal of Accountancy and has published articles in several CPA society magazines, including societies in Indiana, Missouri, Texas, and Arizona.

Patricia is a graduate of the College of the Holy Cross and also holds an MBA from Babson College. She was a full-time lecturer in Butler University’s School of Business for 6 years and has taught at several of Indiana’s other universities.

Patricia also has an extensive business background in audit and financial functions. She runs a blog called Chatting about Excel and More, and she writes self-study CPE courses on Microsoft Excel for Western CPE.

Joseph Helstrom, CPA

Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning.

After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and tax; controller; and manager of financial planning, reporting, and analysis.

Joe and his wife, Patricia McCarthy, produce self-study courses for Western CPE and have published articles in Missouri and Texas CPA society publications titled “Incorporating Excel Arrays into Your Audit Plan.”

Course Specifics

Regulatory Ethics
Aug 7, 2017
There are no prerequisites.

Compliance Information

Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Specify the certification and registration requirements as set forth in Article 2 of the Arizona Revised Statutes
  • Recognize the regulations pertaining to CPAs contained in Article 3 of the Arizona Revised Statutes, including certificate revocation, suspension, disciplinary action, ownership of records, fraudulent practices, unlawful firm designations, attest services, confidential information, unlawful acts, and civil penalties

Chapter 2

  • Recognize applicable terminology and general rules that govern the Arizona State Board of Accountancy as set forth in Article 1 of the Arizona Administrative Code
  • Specify the certification and registration requirements that govern CPAs as set forth in Article 3 of the Arizona Administrative Code
  • Identify regulations that pertain to continuing professional education, peer review, professional conduct, and violations as set forth in Article 4 of the Arizona Administrative Code

Chapter 3

  • Cite rules concerning advertising, confidential client information, commissions, contingent fees, and peer reviews according to the AICPA Code of Professional Conduct

Chapter 4

  • Recognize the ethical standards contained in the AICPA Code of Professional Conduct

Table of Contents

Chapter 1 – Arizona Ethics

Learning Objectives

What is Ethics?

Professional Ethics

Accounting Ethics


Arizona Accountancy Statutes

Selected Arizona Statutes

Article 2: 32-730

Biennial registration, continuing education, inactive certificates, cancellation

Article 2: 32-730.01

Inactive status, reactivation, exception

Article 2: 32-731

Certified public accountant or public accountant partnership; qualifications; definitions

Article 3: 32-741

Revocation or suspension of certificate; disciplinary action; letter of concern

Article 3: 32-741.01

Suspension for nonregistration—expiration of certificate or registration

Article 3: 32-741.02

Suspension for noncompliance with continuing education requirements—expiration of certificate

Article 3: 32-744

Ownership and custody of working papers and records

Article 3: 32-745

Employment of persons by accountants

Article 3: 32-746

Fraudulent audit practices; classification

Article 3: 32-747

Unlawful use of designation or abbreviation; classification

Article 3: 32-747.01

Attest services—requirements

What are attest services?

Article 3: 32-749

Confidential nature of information acquired by accountants; privilege; conditions for disclosure; public records; exceptions

Article 3: 32-750

Injunction against unlawful act

Article 3: 32-751

Actions to recover civil penalties

Chapter 1 – Review Questions

Chapter 2 – Arizona Administrative Code

Learning Objectives

Arizona Administrative Code

Article 1: R4-1-101


Article 1: R4-1-114

Hearing, Rehearing, or Review

Article 1: R4-1-115.03

Peer Review Oversight Advisory Committee

Article 3: R4-1-341

CPA Certificates—Reinstatement

Article 3: R4-1-344

Denial of Certification

Article 3: R4-1-345

Registration; fees

Article 3: R4-1-346

Notice of change of address

Article 4: R4-1-453

Continuing Professional Education

Article 4: R4-1-454

Peer Review

Article 4: R4-1-455

Professional Conduct: Independence, Integrity, and Objectivity

Article 4: R4-1-455.01

Professional Conduct: Competence and Technical Standards

Article 4: R4-1-455.02

Professional Conduct: Confidentiality; Records Disposition

Article 4: R4-1-455.03

Professional Conduct: Other Responsibilities and Practices

Article 4: R4-1-455.04

Professional Conduct: Interpretations

Article 4: R4-1-456

Reporting Practice Suspensions and Violations

Case Studies

A Little Extra Income—Contingent Fees

Audit Experts—Competence and Advertising

Return of Client Provided Records

Chapter 2 – Review Questions

Chapter 3 – AICPA Code of Professional Conduct – Part 1

Learning Objectives

AICPA Code of Professional Conduct Overview

About the Code

AICPA Code of Conduct – Preface

Part 1—Members in Public Practice

Rule 1.100

Integrity and Objectivity


Preparing and Reporting Information



Rule 1.300

General Standards Rule



Compliance with Standards Rule


Accounting Principles Rule


Acts Discreditable Rule


Contingent Fees Rule


Commissions and Referral Fees Rule


Advertising and other forms of solicitation


Confidential client information rule


Form of organization and name rule

Chapter 3 – Review Questions

Chapter 4 – AICPA Code of Professional Conduct – Part 2

Learning Objectives

Members in Business


Integrity and objectivity rule


Obligation of a member to his or her employer’s external accountant


General standards rule


Compliance with standards rule


Accounting principles rule


Acts Discreditable Rule


Confidential Information from employment or volunteer activities

Part 3—Other Members Other members are those not in public practice and those not in business. This may be CPAs who are retired or currently unemployed.


Acts discreditable rule


Confidential Information from employment or volunteer activities

Chapter 4 – Review Questions

Appendix: Limited Reciprocity


Limited reciprocity privilege; qualifications

Review Question Answers and Rationales



Final Examination

Answer Sheet

Course Evaluation

Choose Your Preferred Format

Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

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