A Basic CPA's Guidebook for Ethical Behavior: A Continuing Professional Education Ethics Course for Colorado CPAs - 2021 (Text Based)

A CPA is challenged in today's work world to not only serve his/her client or employer but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find him or herself in an ethical dilemma. This course covers not only basic ethical frameworks, but also specific rules from the AICPA Code of Professional Conduct, Title 12, Article 2 of the Colorado Revised Statutes, and the Rules of the State Board of Accountancy found in Chapter 3 of the Code of Colorado Regulations, Section 705-1. These sources govern the practice and responsibilities of Colorado CPAs. It concludes with a section on how a CPA can put his or her ethics into action

Learning Objectives:

1. To educate licensees in ethics of professional accounting as CPAs

2. To convey the intent of the AICPA Code of Professional Conduct and the Colorado Rules & Regulations in the performance of professional accounting services/work, not to adhere to the mere technical compliance of such rules

3. To assist the CPA in applying ethical judgment in interpreting the rules and determining public interest. Public interest should be placed ahead of self-interest, even if it means a loss of job or client

4. To review the AICPA Code of Professional Conduct and Colorado Rules & Regulations and to discuss their implications for persons in a variety of practices, including:

1. CPAs in client practice of public accountancy who perform attest and non-attest services

2. CPAs employed in industry who provide internal accounting and auditing services

3. CPAs employed in education or in government accounting or auditing

5. This course discusses the Colorado Statutes and Rules that pertain to CPAs licensed to practice in the state of Colorado. Students will become familiar with the Colorado Revised Statutes, the Rules of the State Board of Accountancy, and the Policies adopted by the Board currently in effect and how the statutes, rules, and policies pertain to them. Specific rules reviewed include the following:

1. Organization and duties of the Board

2. State Board of Accountancy Website (overview)

3. Certified Public Accountant Designation

• Proper use - Holding Out
  

• Types of Certificates

• Status and maintenance of Certificates

• Licensure – Examination and certification

• Continuing professional education

• Disclosures

• Names

• Mobility/Practice Privilege and reciprocity

• Peer Review

• Disclosures

d. Professional Conduct

• Unlawful Acts
• Accountant/Client Privilege
  
• Grounds for disciplinary Action
  
• Client Records
  

e. Firms

• Firm Registration
• Firm Names
  
• Peer Review
  
• Disclosures

FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.