Adherence to the AICPA Code of Professional Conduct is mandatory for AICPAmembers. Further, the code is the *de facto* standard for the accounting professionand is recognized by various courts and regulatory bodies. Therefore, maintainingcurrent knowledge of the rules and how to apply them correctly is imperative. Thiscourse offers a timely refresher on the AICPA Code of Professional Conduct, coveringessential topics such as the conceptual framework, independence provisions fornonattest services, personal independence, and other critical issues. In this course,participants will explore the basic tenets of ethical and professional conduct and gaininsight into the code’s necessity and organizational structure. They'll also examinerecent changes to the code, including new and revised professional ethicsinterpretations and definitions that have been issued.
Learning Objectives
Recall the structure and content of the AICPA Code of Professional Conduct (thecode). Recognize how to navigate the code online. Identify the role of professional judgment and critical thinking in applying the code. Apply the conceptual framework approach. Identify independence requirements that apply to different types of client entities. Recall new and revised professional ethics interpretations and definitions that havebeen recently issued. Recognize how the ethics standards set by the International Ethics Standards Boardfor Accountants may affect the AICPA Code of Professional Conduct. Recall how to address a potential conflict of interest under the AICPA Code ofProfessional Conduct.
Major Topics
The AICPA Code of Professional Conduct Navigating the online ethics library Professional judgment Independence rules The conceptual framework Conflicts of interest Recent developments in professional ethics
