Regulatory Ethics
There are no prerequisites.

Course Description

Real-World Ethics for Colorado CPAs: Rules and Regulations covers state-specific rules and regulations for the state of Colorado. Designed to meet the ethical requirements of the Colorado State Board of Accountancy, the materials highlight the role and responsibilities of the Board under Title 12 of the Colorado Revised Statutes and address applicable provisions pertaining to the practice of accountancy as contained in the State Board of Accountancy Rules. Specific topics include the requirements for certification and certificates, continuing professional education, rules of professional conduct, mobility, firm requirements, unlawful acts, grounds for disciplinary action, and more.


Rod Redding, Inactive CPA

Dr. Rod Redding received his PhD from Penn State University after working with Price Waterhouse and IBM. Presently, he presents seminars and webcasts and prepares self-study courses for Western CPE. He has over 30 years' experience as a professor at universities such as the University of North Carolina, the University of Utah, Georgetown University, and Gettysburg College. He also has taught internationally at Kenyatta University in Kenya and the American University of Sharjah in the United Arab Emirates. Three different universities have given Dr. Redding awards for excellence in teaching. Dr. Redding holds a CPA certificate but has elected inactive status.

Dr. Redding’s intellectual contributions are in the fields of financial reporting and auditing. He is the coauthor of the book The FASB: The People, The Process, and The Politics. He has written financial accounting articles on topics such pensions, leases, and capitalization of interest, as well as a number of articles on teaching effectiveness. Each year he publishes The World’s Liveliest Accounting Update, which is a financial accounting, auditing, attestation, compilation, and review update. As indicated by the title, this is an exceptionally energetic and engaging presentation. He is known as one of the country’s most dynamic financial and auditing CPE seminar leaders.

Course Specifics

Regulatory Ethics
Sep 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:

  • Recognize the rules and regulations applicable to the practice of accounting as set forth in the Colorado State Board of Accountancy Rules and the responsibilities of the State Board of Accountancy under Title 12 of the Colorado Revised Statutes

Table of Contents

Real-World Ethics for Colorado CPAs: Rules & Regulations

Learning Objectives

Colorado State-Specific Ethics

State Board of Accountancy Organization and Duties

State Board of Accountancy Rules

Chapter 1 – Board Organization and Administration

1.3      Incorporation by Reference

A.       AICPA Code of Professional Conduct

B.       AICPA Professional Standards

C.       Fields of Study

D.       Joint Standards

E.       Statements of governmental accounting standards

F.        FASB Accounting Standards Codification

G.       Governmental Auditing Standards, December 2011 Revision

H.       Securities and Exchange Commission

I.        Circular 230 Tax Professionals – (Rev.8-2011)

J.        Part 9904 - Cost Accounting Standards

K.       The FASAB Handbook of Accounting Standards and Other Pronouncements, As Amended.

1.5      Conferring with Board Members

1.6      Committees

Chapter 5 – Requirements for Certification

5.1      General Provisions

5.2      General Certification Requirements

5.5      Reciprocity Requirements

Chapter 6 - Certificate Requirements, Discipline, Maintenance, and Status Changes

6.1      General Information

6.2      Notices

6.3      Names

6.4      Offering Services via the Internet

6.5      Disclosure - Licensees

6.6      Application for Board Action

6.7      Active Certificate

6.8      Inactive Status Certificate

6.9      Retired Status Certificate

6.10    Expired Status Certificate

Chapter 7 - Continuing Professional Education (CPE)

7.1      General Information

7.2      CPE Standards

7.3      Subject Matter

7.4      CPE Credit and Records Documentation and Retention

7.5      Hardship Exceptions

7.6      CPE Committee

7.7      Failure to Comply with CPE Requirements

7.9      Effective Date

Chapter 8 - Peer Review Requirement

8.1      Introduction

8.2      Exemption from Peer Review

8.3      Approved Peer Review Sponsoring Organizations, Programs, and Peer Review Standards

8.4      Peer Reviewer Qualifications and Duties

8.5      Retention of Documents Relating to Peer Reviews

8.6      Submission of Peer Review Documents

8.7      Extensions for Completing Peer Reviews

8.8      Board Actions

8.9      Change of Registration Status – Peer Review Status

8.10    Confidentiality of Peer Review Information

8.11    Peer Review Program Oversight Committee (PROC)

8.12    Public Company Accounting Oversight Board (PCAOB)

8.13    Peer Review Requirement

8.14    Renewal Attestation

8.15    Effective Date

Chapter 9 - Rules of Professional Conduct



9.1      Definitions

9.2      Independence

9.3      Integrity and Objectivity

9.4      Commissions, Referral Fees, and Contingent Fees

9.5      Professional Competence and Compliance with Applicable Technical Standards

9.6      Other Professional Standards

9.7      Acting through Others

9.8      Confidential Client and Employer Information

9.9      Issuing Copies of Reports, Tax Returns, or Other Documents

9.10.      Client Records

9.11    Safeguarding Client Records and Property

9.12    Solicitation

9.13    Incorporation of AICPA Code of Professional Conduct

9.14 Incorporation of Standards

Chapter 11 – Practice Privilege/Mobility (See Section 12-2-121(2), C.R.S.)

11.1    Scope of the Practice Privilege

11.2    Requirements

11.3    Discipline for Holders of the Practice Privilege

11.4    Foreign Individuals

Chapter 12 – Firm Requirements

12.1    Firm Registration

12.2    CPA Firm Names

12.3    Notifications

12.4.      Renewal

12.5    General Information Concerning Firm Registrations

12.6    Offering Services via the Internet

12.7    Disclosures

Unlawful Acts

Grounds for Disciplinary Action

Review Questions

Review Question Answers and Rationales

Appendix – State of Colorado Information Page



Final Examination

Answer Sheet

Course Evaluation

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