Real-World Ethics for New York CPAs is designed to meet the ethical requirements of the New York Board of Accountancy, covering important issues such as professional conduct, updates from the Board of Regents, and special provisions for the profession of public accountancy. We'll cover contemporary accounting and business ethics, suggested methods for approaching ethical dilemmas, AICPA ethical pronouncements and rulings, and PCAOB guidance. Illustrative case studies provide hypothetical guidance on how to handle real-life ethical issues and situations. In addition, the course presents various ethical theories along with their practical applications 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 New York State Board for Public Accountancy on September 1, 2014.
New York Sponsor License # 001353
Upon successful completion of this course, participants will be able to:
- 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.
- Recognize the rules, regulations, and prohibited activities contained in Circular 230.
- 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 the quality review program and mobility.
Table of Contents
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.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
IRS Circular 230
§ 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
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
Choose Your Preferred Format
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.
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.
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.
Back to top