Table of Contents
Chapter 1 - Ethics for CPAs in Business -
Section 1
The Relationship of Morals and
Ethics
Illustrative Examples of Ethics
Why Should We Study Professional
Ethics?
Ethical Core Foundations for CPAs
in Business
Chapter 1 - Section 1 Review
Questions
Chapter 1 - Ethics for CPAs in Business -
Section 2
Case Studies – Threats and Safeguards
Chapter 1 - Section 2 Review
Questions
Chapter 1 - Ethics for CPAs in Business -
Section 3
The AICPA Code of Professional
Conduct
2.100.001
– Integrity and Objectivity Rule
2.130.030 Obligation of a Member to
His or Her Employer’s External Accountant
2.170.010 – Pressure to Breach the
Rules
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
Ethics
versus peer pressure - inventory valuation
Potential accomplice to
embezzlement
Too
much family in the family business
When
you just happen to hear, is information still confidential?
Loan Covenants – How much judgment
to apply to a judgmental reserve
Real
Life Example – Diamond Foods
Instances
of Ethical Responses in High Profile Cases
World
Com – Refusal to perform an unethical act
Chapter 1 - Section 3 Review
Questions
Chapter 1 - Section 1 Review
Questions Feedback
Chapter 1 - Section 2 Review
Questions Feedback
Chapter 1 - Section 3 Review
Questions Feedback
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