California Ethics Interpretations and Guidance for CPA’s

Course Description:

This course satisfies California's four-hour ethics requirement for all licensees.  It covers what interpretations of ethics rules and some other professions ethics.  The course covers much of the AICPA Ethics interpretations of the Code, particularly in the independence area. Ethics of other professions such as attorneys and internal auditors are discussed and compared to the CPA code of ethics.  Relevant court cases and the current Enron case are discussed.

Learning Objectives:

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

• Define interpretations of the Code of Ethics.
• Understand the transition period for certain business and employment relationships.
• Discuss grandfathered employment relationships.
• Define former practitioner.
• Understand the effect of alternative practice structures on the applicability of independence rules.
• Know the conflicts of interest.
• Responsibility of employees for the preparation of financial statements in conformity with GAAP.