Table of Contents
Chapter 1 - Professional
Ethics for Missouri 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 Missouri 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 Missouri CPAs - Section 3
Missouri Revised Statutes
Chapter 326 – Missouri Accountancy Act
Confidential information, peer review--immunity from civil liability,
when
Issuance of new
license after revocation, when.
Work product,
property of licensee--consent of client necessary for disclosure.
Chapter 1 - Section 3
Review Questions
Chapter 1 - Professional
Ethics for Missouri CPAs - Section 4
Title 20—DEPARTMENT OF INSURANCE, FINANCIAL INSTITUTIONS AND
PROFESSIONAL REGISTRATION
Division 2010—Missouri State Board of Accountancy Chapter
2—General Rules
20 CSR 2010-2.022 Provisional License to Practice and
Practice Privilege
20 CSR 2010-2.051 Registration of Certified Public
Accounting Firms
20 CSR 2010-2.061 Requirements for an Initial License to
Practice
20 CSR 2010-2.065 Requirements for Licensure through
Reciprocity
20 CSR 2010-2.070 Renewal of Licenses
20 CSR 2010-2.072 Renewal of a Certified Public Accounting
Firm Permit
20 CSR 2010-2.075 Reinstatement of License to Practice
20 CSR 2010-2.095 Ownership of CPA Firms
20 CSR 2010-2.200 Use of the Title Certified Public
Accountant and Display of CPA Licenses
Division 2010—Missouri State Board of Accountancy Chapter
3—Professional Ethics— Rules of Conduct
20 CSR 2010-3.010 General Purpose of Ethics Rules
20 CSR 2010-3.060 Other Responsibilities and Practices
Division 2010—Missouri State Board of Accountancy Chapter
4—Continuing Education Requirements
20 CSR 2010-4.010 Effective Dates and Basic Requirements
20 CSR 2010-4.020 Qualifying Programs
20 CSR 2010-4.031 Continuing Professional Education (CPE)
Documentation
20 CSR 2010-4.035 Inactive Licenses
20 CSR 2010-4.041 Continuing Professional Education (CPE)
Exceptions and Waivers
Division 2010—Missouri State Board of Accountancy Chapter
5—Peer Review
20 CSR 2010-5.070 Peer Review Standards
20 CSR 2010-5.080 Firms Subject to Peer Review Requirements
20 CSR 2010-5.090 Peer Review Requirements for Renewal of a
Firm Permit
20 CSR 2010-5.100 Administration
A Little Extra
Income – Contingent Fees
Audit Experts -
Competence and Advertising
Chapter 1 - Section 4
Review Questions
Chapter 1 - Professional
Ethics for Missouri CPAs - Section 5
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 5
Review Questions
Chapter 1 - Professional
Ethics for Missouri CPAs - Section 6
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 — Contingent Fees 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 6
Review Questions
Chapter 1 - Professional
Ethics for Missouri CPAs - Section 7
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 7
Review Questions
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
Chapter 1 - Section 5
Review Questions Feedback
Chapter 1 - Section 6
Review Questions Feedback
Chapter 1 - Section 7
Review Questions Feedback