Ohio: Ethics for Ohio - Professional Standards and Responsibilities - v14 (Course Id 1562)

Regulatory Ethics - Regulatory Ethics for Course Id 1562

This course is designed for Ohio CPAs to meet the 3-hour Ethics CPE requirement.  It covers standards of professional conduct and business practices adhered to by accountants in order to enhance their profession and maximize idealism, justice, and fairness when dealing with the public, clients, and other members of their profession. It covers Ohio Statutes and Rules of Accountancy, and the AICPA Code of Professional Conduct, along with the conceptual framework approach to coping with ethical dilemmas. After completing this course, participants will recognize the content of the AICPA Code of Professional Conduct and understand the scope and nature of laws and regulations in Ohio governing accountancy.

NASBA QAS - Text - NASBA Registry - 1562

Chapter 1
Ethics and Ethical Reasoning

• Recognize ethical reasoning used by accountants

Chapter 2
AICPA Code of Professional Conduct

• Identify the key components of the AICPA Code of Professional Conduct
• Recognize the conceptual framework approach for evaluating threats to independence
• Identify issues related to providing nonattest services to attest clients
• Recognize violations related to advertising and solicitation

Chapter 3
Ohio Laws and Regulations

• Recognize laws as presented in the Ohio Revised Code (ORC 4701 Accountancy Board Law)
• Identify rules of the Ohio Administrative Code (OAC 4701 Accountancy Board Rules)

Chapter 1:   Ethics and Ethical Reasoning

Learning Objectives

The Concept of Ethics

Morals and Ethics

Causes of Unethical Behavior

Reasoning and Dilemmas

Approaches to Ethical Behavior

Corporate Ethical Development Model

Chapter 1 Review Questions

Chapter 2:   AICPA Code of Professional Conduct

Learning Objectives

Code Structure

Principles of Professional Conduct

Ethical Decision-Making Conceptual Framework

Rules of Conduct

1.100 - Integrity and Objectivity Rule

1.110 Conflicts of Interest

1.120 Gifts and Entertainment

1.130 Preparing and Reporting Information

1.140 Client Advocacy

1.150 Use of a Third-Party Service Provider

1.200 - Independence Rule

1.220 Accounting Firms

1.228 Engagement Contractual Terms

1.230. Fees

1.240 Financial Interests

1.260 Loans, Leases, and Guarantees

1.270 Family Relationships with Attest Client

1.275 Current Employment or Association with an Attest Client

1.290 Actual or Threatened Litigation

1.295 Nonattest Services

1.298 Breach of an Independence Interpretation

1.300 - General Standards

1.310 - Compliance with Standards

1.320 - Accounting Principle Rule

1.400 - Acts Discreditable

1.510 - Contingent Fees

1.520 - Commissions and Referral Fee

1.600 - Advertising and Other Forms of Solicitation

1.700 - Confidential Information

1.800 - Form of Organization and Name

Chapter 2 Review Questions

Chapter 3:   Ohio Laws and Regulations

Learning Objectives

Accountancy Board of Ohio

Roles & Authority

Disciplinary Actions

Professional Responsibilities

Scope of Practice

Firm Registration

Internet Practice

Use of Designation

Compliance with Professional Standards

Record Ownership

Continuing Education

Ethics Standards

Independence

Confidential Client Information

Contingent Fees

Commissions and Referral Fees

Form of Practice and Name

Retention of Client Records

Board Communications

Acts Discreditable

Chapter 3 Review Questions

Appendix A: Ethics Case Studies

Almost Stolen Clients

Harmless Mistakes

Inadequate Accountant

Appendix B: Conceptual Framework Worksheet

Appendix C: Conflicts of Interest Situations

Appendix D: Ethics Violation Situations

Appendix E: CPE Documentation: Do’s and Don’ts

Appendix F: Accountancy Board of Ohio FAQ

Firms

Continuing Education

Professional Ethics

Glossary