Table of Contents
Chapter 1 - Professional Ethics for
Arkansas CPAs - Section 1
The Relationship of Morals and
Ethics
Illustrative Examples of Ethics
Why Should We Study Professional
Ethics?
Ethical Core Foundations for CPAs
Chapter 1 - Professional Ethics for
Arkansas CPAs - Section 2
Case Studies – Threats and
Safeguards
Public Expectations of the CPA’s
Responsibility
Bernard
Madoff Investment Securities LLC – Failures in Expressing an Opinion on
Financial Statements
Chapter 1 - Section 2 Review
Question
Chapter 1 - Professional Ethics for
Arkansas CPAs - Section 3
The AICPA Code of Professional
Conduct
Part 1 – Members
in Public Practice
Rule 1.100 Integrity
and Objectivity
Case Study – Married Tax Clients
Divorcing
1.130
Preparing and Reporting Information
Case Study – Year End Adjustments and
Loan Covenants
Chapter 1 - Section 3 Review
Question
Chapter 1 - Professional Ethics for
Arkansas CPAs - Section 4
Rule 1.300—General
Standards Rule
Case
Study –Audit Engagement with No Prior Experience
1.310 Compliance with Standards Rule
Case Study – Peer Review Discoveries
1.320 Accounting Principles
Rule
1.400.001 Acts Discreditable
Rule
1.510.001 —ContingentFees
Rule
1.520.001—Commissions and referral
fees Rule
1.600.001
—Advertising and other forms of solicitation
1.700.001—Confidential
client information rule
1.800.001—Form
of organization and name rule
Chapter 1 - Section 4 Review
Question
Chapter 1 - Professional Ethics for
Arkansas CPAs - Section 5
2.100.001
– Integrity and Objectivity Rule
2.130.030 Obligation of a Member to
His or Her Employer’s
External Accountant
2.300.001
— General standards rule
2.310.001—Compliance
with standards rule
2.320.001—Accounting
principles rule
Case Study - The Company with
Excess Reserves
Case Study - The Company with Undisclosed/Unrecorded
Contingencies
2.400.001 Acts Discreditable
Rule
2.400.070
Confidential Information from employment or volunteer activities
3.400.001
- Acts discreditable rule
3.400.070
Confidential Information from employment or volunteer activities