Regulatory Ethics
There are no prerequisites.

Course Description

Real-World Ethics for North Carolina CPAs is designed to meet the ethical requirements set forth by the North Carolina Board of Certified Public Accountant Examiners, covering important issues pertaining to certification, registration, administration, discipline, and enforcement of the Rules of Professional Ethics. In addition, the materials cover applicable sections of Chapter 93 of the North Carolina General Statutes, which provide guidance that may be useful in the practice of accountancy. Illustrative examples and useful commentary emphasize the importance of regulations and their effect on CPAs in North Carolina.


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:

  • Recognize general provisions and accountancy rules set forth by the North Carolina Board of Certified Public Accountant Examiners and applicable statutes pertaining to ethical conduct as contained in the North Carolina General Statutes

Table of Contents

Real-World Ethics for North Carolina CPAs

Learning Objectives

The North Carolina Board of Certified Public Accountant Examiners

Conduct and Ethics

North Carolina Administrative Code

Title 21 – Occupational Licensing Boards and Commissions

Chapter 08 – Certified Public Accountant Examiners

08A Section .0300 – Definitions

21 NCAC 08A .0307 Practice of Accountancy or Accounting

21 NCAC 08A .0308 Holding Out to the Public

08H Section .0100 – Requirements

21 NCAC 08H .0101 Reciprocal Certificates

21 NCAC 08H .0102 Temporary Permit

21 NCAC 08H .0104 Notice to Board of Discipline by Other Agency

08I Section .0100 – General Provisions

21 NCAC 08I .0101 Disciplinary Action

21 NCAC 08I .0102 Procedure When Petition against Board Member or Employee

21 NCAC 08I .0104 Modification of Discipline

21 NCAC 08I .0105 Revocation of Certificates

08N Section .0100 – Scope and Applicability

21 NCAC 08N .0101 Scope of these Rules

21 NCAC 08N .0102 Applicability and Organization of Rules

21 NCAC 08N .0103 Responsibility for Compliance by Others

Section .0200 – Rules Applicable to All CPAs

21 NCAC 08N .0201 Integrity

21 NCAC 08N .0202 Deceptive Conduct Prohibited

21 NCAC 08N .0203 Discreditable Conduct Prohibited

21 NCAC 08N .0204 Discipline by Federal and State Authorities

21 NCAC 08N .0205 Confidentiality

21 NCAC 08N .0206 Cooperation with Board Inquiry

21 NCAC 08N .0207 Violation of Tax Laws

21 NCAC 08N .0208 Reporting Convictions, Judgments, and Disciplinary Actions

21 NCAC 08N .0209 Accounting Principles

21 NCAC 08N .0211 Responsibilities in Tax Practice

21 NCAC 08N .0212 Competence

21 NCAC 08N .0213 Other Rules

21 NCAC 08N .0214 Outsourcing to Third-Party Service Providers

21 NCAC 08N .0215 International Financial Accounting Standards

Section .0300 – Rules Applicable to all CPAs Who Use the CPA Title in Offering or Rendering Products or Services to Clients

21 NCAC 08N .0301 Professional Judgment

21 NCAC 08N .0302 Forms of Practice

21 NCAC 08N .0303 Objectivity and Conflicts of Interest

21 NCAC 08N .0304 Consulting Services Standards

21 NCAC 08N .0305 Retention of Client Records

21 NCAC 08N .0306 Advertising or Others Forms of Solicitation

21 NCAC 08N .0307 CPA Firm Names

21 NCAC 08N .0308 Valuation Services Standards

Section .0400 – Rules Applicable to CPAs Performing Attest Services

21 NCAC 08N .0401 Public Reliance

21 NCAC 08N .0402 Independence

21 NCAC 08N .0403 Auditing Standards

21 NCAC 08N .0404 Accounting and Review Services Standards

21 NCAC 08N .0405 Governmental Accounting Standards

21 NCAC 08N .0406 Attestation Standards

21 NCAC 08N .0408 Peer Review Standards

21 NCAC 08N .0409 Government Auditing Standards

North Carolina General Statutes

NCGS Chapter 93 – Certified Public Accountants

Sec. 93-1. Definitions; practice of law.

Sec. 93-2. Qualifications.

Sec. 93-3. Unlawful use of title “certified public accountant” by individual.

Sec. 93-4. Use of title by firm.

Sec. 93-5. Use of title by corporation.

Sec. 93-6. Practice as accountants permitted; use of misleading titles prohibited.

Sec. 93-8. Public practice of accounting by corporations prohibited.

Sec. 93-9. Assistants need not be certified.

Sec. 93-10. Practice privileges.

Sec. 93-11. Not applicable to officers of State, county or municipality.

Sec. 93-12. Board of Certified Public Accountant Examiners.

Sec. 93-12.1. Effect of new requirements.

Sec. 93-12.2. Board records are confidential.

Sec. 93-13. Violation of chapter; penalty.

Review Questions

Review Question Answers and Rationales

Appendix - State of North Carolina Information Page



Final Examination

Answer Sheet

Course Evaluation

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