Table of Contents

Course Learning Objectives. 5

Chapter 1 - Ethics and Ethical Reasoning - Section 1. 1

Learning Objectives. 1

Ethical Reasoning and Accountants. 3

Ethical Dilemmas in Accounting. 5

Chapter 1 - Section 1 Review Questions. 7

Chapter 2 - AICPA Code of Professional Conduct - Section 2. 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. 15

1.100 - Integrity and Objectivity Rule. 15

1.200 - Independence Rule. 18

Chapter 2 - Section 2 Review Questions. 30

Chapter 2 - AICPA Code of Professional Conduct - Section 3. 31

1.300 - General Standards Rule. 31

1.310 - Compliance with Standards Rule. 32

1.320 - Accounting Principle Rule. 32

1.400 - Acts Discreditable Rule. 32

1.510 - Contingent Fees Rule. 35

1.520 - Commissions and Referral Fee Rule. 36

1.600 - Advertising and Other Forms of Solicitation Rule. 37

1.700 - Confidential Client Information Rule. 37

1.800 - Form of Organization and Name Rule. 38

Case Studies of AICPA Ethics Violations. 38

Chapter 2 - Section 3 Review Questions. 44

Chapter 3 - Oregon Rules and Regulations - Section 4. 45

Learning Objectives. 45

Board of Accountancy. 46

Licensing. 47

Firm Registration. 52

Continuing Professional Education. 55

Peer Reviews. 58

Chapter 3 - Section 4 Review Questions. 61

Chapter 3 - Oregon Rules and Regulations - Section 5. 62

Division 30 - Code of Professional Conduct 62

673.170 Disciplinary Actions. 71

Chapter 3 - Section 5 Review Questions. 75

Review Question Answers. 76

Appendix A - Recent Case Law and Disciplinary Action Reports. 85

Appendix B - Guidance Matrix. 104

Appendix C - Subset of Rules and Statutes. 110

Glossary. 145

Index. 151

CPE Exam Answer Sheet 152

Final Examination. 153

CPASelfstudy.com Course Evaluation. 157