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, and the Connecticut General Statutes and Code of Professional Conduct. These sources govern the practice and responsibilities of Connecticut CPAs. It concludes with a section on how a CPA can put his or her ethics into action.

Topics Covered

Part I: Framework of Ethical Thought Case Study: Mortgage Crisis of 2007‐2010 Case Study: Toronto Dominion Bank Part II: Codes of Conduct for CPAs Case Study: Olympus Part III: Behaving Ethically: Putting The Rules Into Action Connecticut Rules The Connecticut State Board of Accountancy: Organization and Powers Use of CPA Designation & Practice Privileges Due Care Case Study: Collin Street Bakery Independence, Integrity and Objectivity Confidentiality & Client Records Impact of Code Violations

Field of Study: Regulatory Ethics