Regulatory Ethics
There are no prerequisites.

Course Description

Real-World Ethics for New York CPAs is designed to meet the 4-hour ethics CPE requirements of the New York Board of Accountancy, covering important issues such as professional conduct, ethics in tax practice, and state-specific unprofessional conduct provisions for the profession of public accountancy. The course reviews applicable sections of the AICPA Code of Professional Conduct and provides an overview of PCAOB ethical guidelines and restrictions for registered accounting firms that are auditing SEC filers. The materials also detail the duties and restrictions relating to practice before the IRS as contained in Subpart B of Circular 230. As an added bonus, humorous illustrative case studies provide hypothetical guidance on how to handle real-life ethical issues and situations.


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 4, 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 authority that governs a CPA’s ethical conduct, 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 ethical standards and rules contained in the AICPA Code of Professional Conduct, noting implementation requirements and the application of authoritative and nonauthoritative guidance to avoid common mistakes
  • Specify the guidelines and restrictions established by the Public Companies Accounting Oversight Board for registered public accounting firms auditing SEC filers

Chapter 2

  • Recognize the rules, regulations, and prohibited activities contained in Circular 230

Chapter 3

  • Recognize the general provisions related to unprofessional conduct contained in the NY Rules of the Board of Regents Part 29, noting special provisions for the public accountancy profession
  • Recognize the NYS Board of Regents updated requirements for mobility and the quality review program

Table of Contents

Chapter 1 – AICPA Ethical Pronouncements and Rulings and PCAOB Guidance

Learning Objectives

The AICPA Code of Professional Conduct

AICPA Ethics Codification Project

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

0.500 Nonauthoritative Guidance

0.600 New, Revised, and Pending 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

Five Cases Related to the Code

Case Suggested Solutions

The PCAOB and Ethics Guidelines


Chapter 1 – Review Questions

Chapter 2 – Ethics in Tax Practice

Learning Objectives

IRS Circular 230

Subpart B

§ 10.20 Information to be furnished

§ 10.21 Knowledge of client’s omission

§ 10.22 Diligence as to accuracy

§ 10.23 Prompt disposition of pending matters

§ 10.24 Assistance from or to disbarred or suspended persons and former Internal Revenue Service employees

§ 10.26 Notaries

§ 10.27 Fees

§ 10.28 Return of client’s records

§ 10.29 Conflicting interests

§ 10.30 Solicitation

§ 10.31 Negotiation of taxpayer checks

§ 10.32 Practice of law

§ 10.33 Best practices for tax advisors

§ 10.34 Standards with respect to tax returns and documents, affidavits and other papers

§ 10.35 Competence

§ 10.36 Procedures to ensure compliance

§ 10.37 Requirements for other written advice

§ 10.38 Establishment of advisory committees

Subpart C — Sanctions for Violation of the Regulations

§ 10.50  Sanctions

§ 10.51 Incompetence and disreputable conduct

§ 10.52 Violations subject to sanction

§ 10.53 Receipt of information concerning practitioner

Chapter 2 – Review Questions

Chapter 3 – New York State-Specific Ethics

Learning Objectives

Rules of the Board of Regents

Part 29, Unprofessional Conduct

§ 29.1 General provisions

§ 29.10 Special provisions for the profession of public accountancy

Updates from the Board of Regents

Mandatory Quality Review Program (October 15, 2012)

Mobility (April 2, 2012)

Chapter 3 – Review Questions

Review Question Answers and Rationales

Appendix A: Outside Ethics Reading

Appendix B: State of New York Contact Information Page



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

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