Minnesota Ethics for CPAs

Course Description:

This is a Minnesota ethics course 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. Also included are some cases of AICPA ethics violations.

Learning Objectives:

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

• Recognize ethical reasoning used by accountants
• Identify different principles and rules of the AICPA Coed of Professional Conduct
• Identify independence and objectivity issues
• Recognize ethical standards and violations
• Identify the key issues of corporate responsibility law that influence auditor independence
• Identify licensing and disciplinary mechanisms within the profession