This is a Delaware ethics course covering standards of professional conduct and business practices adhered to by accountants such as CPAs in order to enhance their profession and maximize idealism, justice and fairness when dealing with the public, clients and other members of their profession. It also presents an approach ‐‐the threats and safeguards approach –to coping with ethical dilemmas. The Sarbanes‐Oxley Act and its impact on business ethics, new internal control requirements, and the CPA’s responsibilities are summarized.
Chapter 3 discusses specific rules and regulations for Delaware CPAs.
After completing this course, you will:
Differentiate between amoral and ethical values.
List and characterize two systems of ethics.
Differentiate between legal versus ethical codes
Discuss ethical reasoning used by accountants.
Illustrate ethical dilemmas encountered by accountants.
Differentiate between rulings and principles of the AICPA Code of Professional
Briefly describe the six principles and list the eleven rules of the AICPA Code of
Outline ethics rulings on independence.
Resolve ethical dilemmas using the threats and safeguards approach, a conceptual
List the key features of corporate responsibility law (Sarbanes-Oxley act) that
influence auditor independence.
List consulting services prohibited by the Sarbanes-Oxley (SOX) Act of 2002.
Explain licensing and disciplinary mechanisms within the profession.
Outline the Standards for Tax Services.
Discuss cases of ethical violations.
Discuss Delaware statutes and regulations governing the practice of public accountancy
Outline the professional ethics and conduct for Delaware CPAs.
Presentation Method: QAS Self-Study
Category: Regulatory Ethics
CPE credit: 4 Hours
Program Level: Update
Advanced Preparation: None
Exam expiration date: Participants must submit exams for grading within one year from the date of purchase
American CPE, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors at their website, www.learningmarket.org