Ethics for MarylandCode: 22-EMD

Objective: This is an ethics course for Maryland 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.A brief discussion of the AICPA’s Standards for Tax Service and the IMA’s Statement of Ethical Professional Practice are included. Finally, some specific rules from the Maryland State Board are included.