A hallmark of the public accounting profession is its commitment to professional ethics and the public interest. This course qualifies for two hour of the four hour ethics CPE requirement every three years and is approved by the New York State Board of Public Accountancy. The course gives you a basic understanding of the fundamental concepts underlying your ethical responsibilities and increases your awareness of AICPA ethical standards and NYS regulations. The course focuses on NYS Education Law, Rules of the Board of Regents, and Regulations of the Commissioner of Education, but also addresses the Code of Professional Conduct (“Code”) of the American Institute of Certified Public Accountants (AICPA) as it relates to ethical standards. Available tools and resources that will help you understand and comply with relevant requirements are also highlighted.
Learning Objectives
- When you complete this course, you will be able to:
- Identify new and proposed changes to the profession's ethical requirements
- Understand fundamental concepts about ethics
- Describe the NYS Laws, Rules and Regulations that apply to you as a NYS licensed CPA
Major Topics
- The AICPA ethical standards
- the Code including proposed revisions
- New York State Laws, Regulations and Rules, including but not limited to:
- Retention and maintenance of work papers
- Competency requirements for attest and compilation services
- Failing to maintain an active registration when using the title of designation
- Reportable events
- Commissions and referral fees, including mandatory disclosure
- Public expectations of CPAs’ responsibilities
- Enforcement of rules on ethics by AICPA and NYS Office of the Professions