Self-Study
4
Basic
Regulatory Ethics
There are no prerequisites.

Course Description

Real-World Ethics for Oregon CPAs is designed to meet the ethical requirements of the Oregon State Board of Accountancy. This course covers selected sections from the Oregon Revised Statutes that pertain to accountants, tax consultants, and preparers including requirements for providing attestation services or compilation services, rules for commissions and contingent fees, civil penalties, and criminal penalties. The material also covers procedural rules; fees, applications, requirements, and procedures; code of professional conduct, continuing professional education, and peer review requirements as found in the Oregon Administrative Rules. Notes interspersed throughout the course provide additional clarification, and case law references provide valuable insight into Board rulings for violations as well as applicable penalties.

Approved by the Oregon Board of Accountancy.



Instructor

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
Apr 4, 2017
There are no prerequisites.
SS4170605
105
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Note the rules and regulations to obtain and renew licensure in the state of Oregon
  • Specify deadlines for permits to practice public accountancy in Oregon
  • Identify ownership and fee requirements for registration of a business organization, noting acceptable firm services
  • Note the practice of accountancy requirements for attestation or compilation services, use of terms or titles, allowable statements, payment or acceptance of fees, injunctions, and disclosures 
  • Identify deadlines and procedures involved in disciplinary action by the Board
  • Note the requirements and conditions for inactive status
  • Recognize the fees and penalties that can be levied by the Board
  • Specify the membership makeup of the Oregon Board of Public Accountancy, noting applicable procedural rules relating to professional standards, complaints, confidentiality, and hearings
  • Recognize the code of conduct, standards, responsibilities to clients, and other responsibilities and practices applicable to CPAs practicing in the state of Oregon
  • Identify continuing education and peer review requirements


Table of Contents

Real-World Ethics for Oregon CPAs

Learning Objectives

Real-World Ethics for Oregon CPAs

Oregon Revised Statutes

Chapter 673 — Accountants; Tax Consultants and Preparers

673.015 Statement of public interest in regulating practice of accountancy.

673.040 Eligibility for certificate of certified public accountant; experience requirement; issuance of certificate to licensee from other state or country; fee; rules.

673.138 Liability of persons operating in certain registered business organization.

673.150 Permits to engage in practice of public accountancy; permit renewals; fees; rules.

673.160 Registration of business organizations; exceptions; fees; rules.

673.170 Disciplinary actions; grounds; investigations; costs.

673.175 Review of statement or report prepared by accountant required by consent agreement; liability of accountant performing review.

673.185 Procedure for disciplinary actions and adoption of rules; continuing authority of Board.

673.210 Reissuance of revoked or suspended licenses.

673.220 Inactive status; conditions; rules; roster; fees.

Practice of Accountancy

673.320 Requirements for providing attestation or compilation services or issuing report; exceptions; use of terms certified public accountant, public accountant, C.P.A. or P.A.; exceptions.

673.325 Statement allowed without permit or authorization.

673.345 Payment or acceptance of commissions; contingent fees; referral fees; rules.

673.360 Injunctions.

673.385 Disclosure of client information prohibited; exceptions.

Civil Penalties

673.400 Civil penalties.

Oregon Board of Accountancy

673.410 Oregon Board of Accountancy; confirmation; qualifications; enforcement authority.

Peer Review

673.455  Peer Review Oversight Committee; alternative peer review programs; review of persons and business organizations performing attestation or compilation services.

673.457 Review by alternative peer review program; right of Oregon Board of Accountancy to conduct review.

Criminal Penalties

673.990 Criminal penalties.

Oregon Administrative Rules

Division 1 Procedural Rules

801-001-0035 Professional Standards

801-001-0040 Procedure for Complaints

801-001-0045 Confidentiality of Complaints Received

801-001-0055 Requesting a Hearing; Stating Claims and Defenses

Division 10 Fees, Applications, Requirements, Procedures, and P.C.’s

801-010-0010 Fees, Civil Penalties and Cost Recovery (effective 10/1/2015)

801-010-0040 CPA and PA Licenses Remain Property of the Board

801-010-0075 Public Accountants Applying for Certificate of Public Accountancy

801-010-0100 Public Accountant Licenses

801-010-0110 Renewal of License

801-010-0115 Resignation of Licensee

801-010-0120 Inactive Status

801-010-0130 Restoration to Active Status

801-010-0170 Publication of Disciplinary Action

801-010-0340 Non-CPA and Non-PA Ownership of Business Organizations

Division 30 Code of Professional Conduct

Codes of Conduct

801-030-0005 Independence, Integrity, and Objectivity

801-030-0010 General and Technical Standards

801-030-0015 Responsibilities to Clients

801-030-0020 Other Responsibilities and Practices

Division 40 Continuing Professional Education

801-040-0010 Basic Requirements

801-040-0020 Controls and Reporting

801-040-0030 Programs that Qualify for CPE Credit

801-040-0040 Acceptable Subject Matter

801-040-0050 Credit Allowed and Evidence of Completion

801-040-0070 Verification

801-040-0090 Reinstatement Requirements: Lapsed, Suspended, or Inactive to Active Status

801-040-0100 New Licenses

801-040-0150 Waivers

801-040-0160 Failure to Comply

Division 50 Peer Review

801-050-0005 Purpose

801-050-0020 Peer Review Enrollment and Participation in Peer Review Program

801-050-0030 Peer Review Oversight Program

801-050-0035 Peer Review Oversight Committee Responsibilities

801-050-0040 Reporting Requirements

801-050-0060 Confidentiality

801-050-0065 Document Retention

801-050-0080 Minimum Standards for Peer Review Programs

Review Questions

Review Question Answers and Rationales

Appendix - State of Oregon Information Page

Glossary

Index

Final Examination

Answer Sheet

Course Evaluation



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