Ethics, Principles and Conduct for Maine CPAs |
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Course Description: |
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This course satisfies the Maine Board of Accountancy Four-hour ethics requirement for all licensees. It covers what ethics are and some of the different approaches to ethics. The course covers much of the AICPA Code of Ethics and many interpretations of the Code, particularly in the independence area.
Also covered are the following topics:
- Professional Standards/Pronouncements and Recent Changes and Additions
- Continuing Education (CE) and CE Reporting Requirements
- Commissions and Contingent Fees
- Common Violations/Complaints
- Recent Relevant Court Decisions.
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Learning Objectives: |
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- To examine the philosophical aspects of ethics (Unit One)
- To understand the “trust” function in our society (Unit One)
- To discuss definitions of terms that are necessary to understand ethics (Unit Two)
- To understand the newer rules of Independence (Unit Two)
- To describe the applicability of the rules (Unit Three)
- To differentiate Independence in Appearance and Fact (Unit Three)
- To examine the CPA’s responsibilities to clients (Unit Three)
- To examine the impact of non-attest services (Unit Four)
- To understand the rules and regulations pertaining to ethical conduct. (Unit Five)
- Examine the role of the attorney in our society (Unit Five)
- Be able to discuss the Internal Auditor’s Code (Unit Five)
- To discuss the impact of various court cases on the profession (Unit Five)
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Course Number: |
WAME01 |
NASBA Field of Study: |
Ethics |
Level: |
Basic |
Author/Instructor: |
Walter Austin |
Publication Date: |
September 2022 |
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CPE Credits: |
4
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Program Prerequisites: |
None |
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Advanced Preparation: |
None |
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