Table of Contents
Chapter 1 - Professional Ethics for Iowa
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 - Section 1 Review
Questions
Chapter 1 - Professional Ethics for Iowa
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
Questions
Chapter 1 - Professional Ethics for Iowa
CPAs - Section 3
Chapter
13—Iowa Administrative Code Section 193A—Rules of Professional Ethics and
Conduct
193A—13.2(542)
Rules applicable to all CPAs and LPAs.
193A—13.4(542)
Audit, review and other attest services.
193A—13.6(542)
Rules applicable to tax practice.
Chapter
14—Iowa Administrative Code Section 193A—Disciplinary Authority and Grounds
for Discipline
193A—14.1(17A,272C,542)
Disciplinary authority.
193A—14.2(17A,272C,542)
Disciplinary policy.
193A—14.3(17A,272C,542)
Grounds for discipline.
Chapter
11—Iowa Administrative Code Section 193A—Peer Review
193A—11.1(542)
Peer review required
193A—11.2(542)
How often required
193A—11.3(542)
System of internal quality control
193A—11.4(542)
Peer review programs that qualify.
193A—11.5(542)
Waiver of peer review requirement
193A—11.6(542)
Submission of peer review reports.
Chapter
10, Part 7—Iowa Administrative Code Section 193A—Continuing Education
193A—10.7(542)
Mandatory education required
Chapter 1 - Section 3 Review
Questions
Chapter 1 - Professional Ethics for Iowa
CPAs - Section 4
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 4 Review
Questions
Chapter 1 - Professional Ethics for Iowa
CPAs - Section 5
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 5 Review
Questions
Chapter 1 - Professional Ethics for Iowa
CPAs - Section 6
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
Chapter 1 - Section 1 Review
Questions Feedback
Chapter 1 - Section 2 Review
Questions Feedback
Chapter 1 - Section 3 Review
Questions Feedback
Chapter 1 - Section 4 Review
Questions Feedback