Table of Contents

Chapter 1:   Ethics and Ethical Reasoning. 1

Learning Objectives. 1

Ethical Reasoning and Accountants. 3

Ethical Dilemmas in Accounting. 5

Chapter 1 Review Questions. 7

Chapter 2:   AICPA Code of Professional Conduct. 8

Learning Objectives. 8

AICPA’s Code of Professional Conduct. 8

Summaries of the Six Principles. 9

Conceptual Framework – Threats and Safeguards Approach. 10

Summaries of the Eleven Rules. 16

1.100 - Integrity and Objectivity Rule. 16

1.200 - Independence Rule. 19

Chapter 2, Section 1 Review Questions. 31

1.300 - General Standards Rule. 32

1.310 - Compliance with Standards Rule. 33

1.320 - Accounting Principle Rule. 33

1.400 - Acts Discreditable Rule. 33

1.510 - Contingent Fees Rule. 36

1.520 - Commissions and Referral Fee Rule. 37

1.600 - Advertising and Other Forms of Solicitation Rule. 38

1.700 - Confidential Client Information Rule. 38

1.800 - Form of Organization and Name Rule. 39

Case Studies of AICPA Ethics Violations. 39

Chapter 2, Section 2 Review Questions. 45

Chapter 3:   Oregon Rules and Regulations. 46

Learning Objectives. 46

Board of Accountancy. 47

Licensing. 49

Firm Registration. 54

Continuing Professional Education. 57

Peer Reviews. 60

Chapter 3, Section 1 Review Questions. 63

Division 30 - Code of Professional Conduct. 64

673.170 Disciplinary Actions. 73

Chapter 3, Section 2 Review Questions. 78

Appendix A - Recent Case Law and Disciplinary Action Reports. 79

Appendix B - Guidance Matrix. 102

Appendix C - Subset of Rules and Statutes. 108

Glossary. 145

Index. 151

Review Question Answers. 152

Final CPE Examination. 158