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| Author : | Patricia McCarthy, MBA |
| Course Length : | Pages: 77 ||| Word Count: 33,081 ||| Review Questions: 12 ||| Final Exam Questions: 20 |
| CPE Credits : | 4.0 |
| IRS Credits : | 0 |
| Price : | $39.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - NASBA Registry |
| Technical Designation: | Technical |
| Primary Subject-Field Of Study: | Regulatory Ethics - Regulatory Ethics for Course Id 2192 |
| Description : | This 4-hour course is designed to meet the 4 hour Ethics CPE requirement for Washington State CPAs as outlined by the Washington State Board of Accountancy. This course covers the Washington State Public Accountancy Act and the Board’s rules and policies. It also discusses the AICPA Code of Conduct and the key differences between Washington State law and the AICPA Code of Conduct. This covers all the new Washington State rules effective March and April of 2023. Approved by the Washington State Board of Accountancy as meeting the minimum requirements of WAC 4-30-134(6) which requires four CPE hours in the subject area of professional ethics and regulations with specific application to the practice of public accounting in Washington State. |
| Usage Rank : | 14545 |
| Release : | 2024 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
Board of Accountancy - WASHINGTON STATE
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| Advance Preparation : | None. |
| Delivery Method : | QAS Self Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 01-Jan-2024 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - NASBA Registry - 2192 |
| Keywords : | Regulatory Ethics, Washington, Ethics, Professional, Conduct, Washington, CPAs, 2024, WABoA, Approved, cpe, cpa, online course |
| Learning Objectives : |
Course Objective: To understand the statutes and rules that apply to Washington State CPAs and how to apply them in their professional lives.
Learning Objectives Upon completion of this course, you should be able to:
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| Course Contents : | Chapter 1 - Ethics and Professional Conduct for Washington CPAs 2024 Accounting Ethics Public Expectations of the CPA’s Responsibility Review Question RCW 18.04 Public Accountancy Act Washington Administrative Code Current Issues 2023-2024 Updates Legislative Changes – June 30, 2023 Washington State Board of Accountancy Board of Accountancy. RCW 18.04.035 Review Question Washington State Board of Accountancy Policies Policy 2003-1 - Safe Harbor Report Language for Use by Non-CPAs Policy 2004-1 – Administrative Violations Guidelines - Revised April 2020 Policy 2015-1 - Board Member Travel and Attendance at Group Gatherings Policy 2017-1 Investigative and Disciplinary Processes - Revised April 2020 Policy 2017-2 -Publication and Disclosure of Disciplinary Actions Policy 2020-1 – Peer Review - Revised April 2020/Revised April 2023 Policy 2020-2 –Public Officials and Public Employees – Adopted October 16, 2020 Review Question Washington Administrative Code WAC 40-30 Board Administration Meetings and officers. WAC 4-30-022 – Effective August 24,2023 How can I contact the board? WAC 4-30-026 What rules govern the proceedings before the board? WAC 4-30-028 Do I need to notify the board if I change my address? WAC 4-30-032 Must I respond to inquiries from the board? What enforcement actions must be reported to the board? Fees WAC 4-30-038 Ethics and Prohibited Practices Integrity and objectivity. Independence. Contingent fees. WAC 4-30-045 Commission and referral fees. – New Section Effective March 2023 General Standards. Compliance with standards. WAC 4-30-049 Accounting principles. – New Section Effective March 2023 Confidential client information - Client Records - One of the most common disciplinary violations is failure to provide client records. Acts discreditable? Advertising and other forms of solicitation. Form of organization and name. Other authorized titles. What is the effect on a Washington individual licensee or CPA-inactive certificate holder in the armed forces, reserves, or National Guard if the individual receives orders to deploy for active military duty? Individual Licensing by Interstate Reciprocity Must an out-of-state individual holding a license from another state apply and obtain a Washington state license to hold out and practice in Washington state? WAC 4-30-090 Review Questions CPA Firm Organization and Ownership What are the allowable legal forms of organization and ownership requirements for a CPA firm? -WAC 4-30-110 Firm Licensing Requirements WAC 4-30-112 In state and out-of-state firm licensing requirements How do I apply for and maintain a firm license? WAC 4-30-114 Conversions, Retirements and Reinstatements How do I reinstate a lapsed individual license, CPA-inactive certificate or registration as a resident nonlicensee firm owner? WAC 4-30-124 Continuing Competency What are the quality assurance review (QAR) requirements for licensed CPA firms? WAC 4-30-130 Qualifying continuing professional education (CPE) activities. WAC 4-30-132 Reporting periods, carry-forward/back, and limitations on continuing professional education (CPE) credit. WAC 4-300-133 Continuing Professional Education Reporting continuing professional education (CPE) to the board WAC 4-30-136 Continuing professional education (CPE) documentation requirements. Investigations, Discipline and Enforcement What are the bases for the board to impose discipline? Review Questions About the AICPA Code of Professional Conduct Comparison: Washington State Law, Title 4 WAC and the AICPA Code of Conduct Comparison Professional Code of Conduct Differences: Washington State Law, Title 4 WAC and the AICPA Code of Conduct Integrity and Objectivity Independence Acts Discreditable Fees and other types of remuneration Advertising and Other Forms of Solicitation Confidential Information Form of Organization Name The AICPA Code of Professional Conduct About the Code Rule 1.100 Integrity and Objectivity 1.130 Preparing and Reporting Information 1.200 – Independence Review Questions Rule 1.300—General Standards Rule 1.310 Compliance with Standards Rule 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 Review Questions Case Studies A Little Extra Income – Contingent Fees Audit Experts - Competence and Name Requirements Adjusting Journal Entries - Work Paper Retention Appendix A: Legislative Changes- June 30, 2023 Appendix B: Washington State Board of Accountancy Board Policy Number 2020-1 Appendix C: Fees WAC 4-30-038 Appendix D: Armed Forces, Reserves and National Guard Appendix E: WAC 4-30-062 Appendix F: Individual Licensing by Interstate Reciprocity Appendix G: Policy 2020-2 –Public Officials and Public Employees Definitions - WAC 4-30-010 Additional Definitions |
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Texas: Ethics and Professional Conduct for Texas CPAs (TSBoA Approved) (4 Hrs)