A Basic Ethics Guidebook for Colorado CPAs (Audio)

  • Credits: 4
  • Format: Self-Study Audio
  • Field of Study: Ethics
  • Author/Speaker: Allison McLeod

Available Formats:
Advanced Preparation: None
Experience Level: Basic 
Program Prerequisites: General Understanding of Ethics
Course ID: AM-121.22-SA
Published Date: April 2022
COURSE DESCRIPTION

A CPA is challenged in today’s work world to not only serve his/her client or employer but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find him or herself in an ethical dilemma. This course covers not only basic ethical frameworks but also specific rules governing CPA practice and responsibilities. It concludes with a section on how a CPA can put his or her ethics into action

Learning Objectives:

After reading the course material, you will be able to:

  • To educate licensees in the ethics of professional accounting as CPAs.
  • To convey the intent of the AICPA Code of Professional Conduct and Colorado Rules and Regulations in the performance of professional accounting services/work, not to adhere to the mere technical compliance of such rules.
  • To assist the CPA in applying ethical judgment in interpreting the rules and determining public interest. Public interest should be placed ahead of self-interest, even if it means a loss of a job or client.
  • To review and discuss the AICPA Code of Professional Conduct and the Colorado Rules and Regulations and their implications for persons in a variety of practices, including:
    • CPAs in client practice of public accountancy who perform attest and non-attest services.
    • CPAs employed in the industry who provide internal accounting and auditing services.
    • CPAs are employed in education or government accounting or auditing.

This course discusses the Colorado Statutes and Rules that pertain to CPAs licensed to practice in the state of Colorado. Students will become familiar with the Colorado Revised Statutes, the Rules of the State Board of Accountancy, the Policies adopted by the Board currently in effect, and how the statutes, rules, and policies about them. Specific rules reviewed include the following:

  • Organization and duties of the Board
  • State Board of Accountancy Website (overview)
  • Certified Public Accountant Designation
  • Proper use - Holding Out
  • Types of Certificates
  • Status and maintenance of Certificates
  • Licensure – Examination, and certification
  • Continuing professional education
  • Disclosures
  • Names
  • Mobility/Practice Privilege and reciprocity
  • Peer Review
Professional Conduct
  • Unlawful Acts
  • Accountant/Client Privilege
  • Grounds for disciplinary Action
  • Client Records
Firm Registration
  • Firm Names
  • Peer Review
  • Disclosures

Who Should Attend:
  • All Certified Public Accountants (CPAs)

Qualifies and Approved with all State Boards of Accountancy and the following sponsorships:
NASBA