Regulatory Ethics
There are no prerequisites.

Course Description

Real-World Ethics for Mississippi CPAs is designed to meet the ethical requirements of the Mississippi Board of Accountancy. The course covers state-specific information regarding the practice of public accountancy as set forth in the Rules and Regulations, including situations that can impair independence, circumstances that can affect objectivity and integrity, and activities that can violate the rules for solicitation, advertising, and public communication. In addition, the materials cover contemporary accounting and business ethics, suggested methods for approaching ethical dilemmas, AICPA ethical pronouncements and rulings, and PCAOB guidance. This course presents case studies that illustrate how to handle real-life ethical issues and situations, making it a useful and hands-on tool you can use to critique the various ethical decisions you face in your practice. 

Approved by the Mississippi State Board of Public Accountancy on June 2, 2017.


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
Oct 9, 2018
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

  • Recognize the various definitions of ethics, its primary function in society, and the history of the philosophy of ethics
  • Identify significant individuals who contributed to the development of ethics, noting their beliefs, teachings, and impact
  • Specify foundational events in the evolution of business ethics, noting their purpose, characteristics, and impact

Chapter 2

  • Identify six common ethical standards and the theory of each approach
  • Recognize the components of the Ethical Orientation Questionnaire and how an individual’s responses relate to recognizing and resolving ethical dilemmas

Chapter 3

  • Recognize the step-by-step process contained in the framework for ethical decision making and the framework for resolving an ethical dilemma

Chapter 4

  • Recognize the authority that governs a CPA’s ethical behavior, the principles that guide the conceptual framework for the AICPA Code of Professional Conduct, and the restructuring that occurred during the AICPA Ethics Codification project
  • Identify terminology, ethical standards, and rules contained in the AICPA Code of Professional Conduct, noting implementation requirements
  • Recognize the application of authoritative and nonauthoritative guidance in helping the accounting professional avoid common mistakes as illustrated in the provided case studies
  • Specify the guidelines and restrictions established by the Public Companies Accounting Oversight Board for registered public accounting firms auditing SEC filers

Chapter 5

  • Recognize the rules and regulations governing the practice of public accountancy set forth by the Mississippi State Board of Accountancy
  • Identify situations and circumstances that affect independence, integrity, and objectivity of a CPA or CPA firm
  • Identify who qualifies as a close relative in Mississippi
  • Identify an activity that violates solicitation, advertising, and public communication rules
  • State the reason for rules restricting commissions

Table of Contents

Chapter 1 – An Overview of Ethics

Learning Objectives

A Nation of Cheaters

What is Ethics?

A History of Business Ethics

A Real-World Ethics Experience


Chapter 1 Review Questions

Chapter 2 – Major Theories of Ethics

Learning Objectives

Why Identifying Ethical Standards is Difficult

The Egoism Approach

The Utilitarian Approach

The Rights Approach

The Fairness or Justice Approach

The Common Good Approach

The Virtue Approach

Ethic of Justice

Ethic of Care


Chapter 2 Review Questions

Chapter 3 – Suggested Methods for Approaching Ethical Dilemmas

Learning Objectives

A Framework for Ethical Decision Making

Recognize an Ethical Issue

Get the Facts

Make a Decision and Test It

Act, Then Reflect on the Decision Later

Resolving an Ethical Dilemma

Step 1: Analyze the Consequences

Step 2: Analyze the Actions

Step 3: Make a Decision


Chapter 3 Review Questions

Chapter 4 – AICPA Ethical Pronouncements and Rulings and PCAOB Guidance

Learning Objectives

The AICPA Code of Professional Conduct

AICPA Ethics Codification Project

Restructuring the Code

Conceptual Frameworks

Preface: Applicable to All Members

0.100 Overview of the Code of Professional Conduct

0.200 Structure and Application of the AICPA Code

0.300 Principles of Professional Conduct

Note: Section 0.400 Definitions is next, but we will be skipping ahead. Please see the Glossary of this course or The AICPA Code of Professional Conduct for any terminology.

0.500 Nonauthoritative Guidance

0.600 New, Revised, and Pending Interpretations and Other Guidance

0.700 Deleted Interpretations and Other Guidance

Part 1: Members in Public Practice and Part 2: Members in Business

x.000 Introduction

x.100 Integrity and Objectivity

x.110 Conflicts of Interest

x.120 Gifts and Entertainment

x.130 Preparing and Reporting Information

x.300 General Standards

x.310 Compliance with Standards

x.320 Accounting Principles

x.400 Acts Discreditable

The Remainder of the Code of Professional Conduct

The PCAOB and Ethics Guidelines


Chapter 4 Review Questions

Chapter 5 – Mississippi State-Specific Ethics

Learning Objectives


Title 30, Part 1: Rules and Regulations of the Mississippi State Board of Public Accountancy

Part 1, Chapter 6: Rules of Professional Conduct

Rule 6.1 Preamble

Rule 6.2 Independence

Rule 6.3 Integrity

Rule 6.4 Objectivity

Rule 6.5 Solicitation, Advertising and Public Communication

Rule 6.6 Commissions

Rule 6.7 Contingent Fees

Rule 6.8 Competence

Rule 6.9 Auditing Standards

Rule 6.10 Accounting Principles

Rule 6.11 Other Professional Standards

Rule 6.12 Confidential Client Information

Rule 6.13 Records

Rule 6.14 Discreditable Conduct

Rule 6.15 Discipline by Federal and State Authorities

Rule 6.16 Form of Practice

Rule 6.17. Prohibited Acts

Chapter 5 Review Questions

Review Question Answers and Rationales

Appendix A: Outside Ethics Reading

Appendix B: State of Mississippi Information Page

Appendix C: Five Cases Related to the AICPA Code



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.

hard copy

Back to top