Table of Contents

Chapter 1 - Kansas Professional Ethics - Section 1. 9

Ethics Background. 9

Morals. 9

What is Ethics?. 9

The Relationship of Morals and Ethics. 10

Professional Ethics. 11

Legal versus Ethical 12

Why Should We Study Professional Ethics?. 12

Accounting Ethics. 12

Ethical Core Foundations for CPAs. 13

Ethical Dilemmas. 14

Chapter 1 - Section 1 Review Questions. 15

Chapter 1 - Kansas Professional Ethics - Section 2. 16

Kansas Accountancy Regulations, Article 5 - CODE OF PROFESSIONAL CONDUCT.. 16

Part I.--DEFINITIONS, INDEPENDENCE, INTEGRITY AND OBJECTIVITY, COMMISSIONS AND REFERRAL FEES, CONTINGENT FEES. 16

Part II - GENERAL STANDARDS, COMPLIANCE WITH STANDARDS, ACCOUNTING PRINCIPLES 18

Part III.--RESPONSIBILITIES TO CLIENTS. 19

Part IV.--OTHER RESPONSIBILITIES AND PRACTICES. 20

Case Study - Integrity and Objectivity. 22

Case Study  Contingent fees. 22

Case Study  Advertising and firm name. 23

Chapter 1 - Section 2 Review Questions. 24

Chapter 1 - Kansas Professional Ethics - Section 3. 25

The AICPA Code of Professional Conduct 25

About the Code. 25

Preface. 25

Part 1  Members in Public Practice. 26

Rule 1.100 Integrity and Objectivity. 27

Case Study  Married Tax Clients Divorcing. 28

1.130 Preparing and Reporting Information. 28

1.200 - Independence. 29

Chapter 1 - Section 3 Review Questions. 34

Chapter 1 - Kansas Professional Ethics - Section 4. 35

Rule 1.300General Standards Rule. 35

1.310 Compliance with Standards Rule. 36

1.320 Accounting Principles Rule. 36

1.400.001 Acts Discreditable Rule. 37

1.510.001  Contingent Fees Rule. 38

1.520.001Commissions and referral fees Rule. 39

1.600.001 Advertising and other forms of solicitation. 40

1.700.001 Confidential client information rule. 40

1.800.001Form of organization and name rule. 41

Chapter 1 - Section 4 Review Questions. 43

Chapter 1 - Kansas Professional Ethics - Section 5. 44

Part 2  Members in Business. 44

2.100.001  Integrity and Objectivity Rule. 44

2.130.030 Obligation of a Member to His or Her Employers External Accountant 45

2.170.010  Pressure to Breach the Rules. 45

2.300.001  General standards rule. 46

2.310.001Compliance with standards rule. 46

2.320.001Accounting principles rule. 46

Case Study - The Company with Excess Reserves. 47

2.400.001 Acts Discreditable Rule. 48

2.400.070 Confidential Information from employment or volunteer activities. 48

Part 3  Other Members. 49

3.400.001 - Acts discreditable rule. 49

3.400.070 Confidential Information from employment or volunteer activities. 49

Answers to Review Questions. 51

Chapter 1 - Section 1 Review Questions Feedback. 51

Chapter 1 - Section 2 Review Questions Feedback. 52

Chapter 1 - Section 3 Review Questions Feedback. 53

Chapter 1 - Section 4 Review Questions Feedback. 54

Glossary. 56

Index. 57

Final Examination. 59

CPASelfstudy.com Course Evaluation. 61