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Home > Ethics > Ethics Standards for New York CPAs
Prerequisite
None
Knowledge Level
Basic
Copyright 2012

Publication Date
August, 2012
Ethics Standards for New York CPAs
Introduction Organization Learning Objectives Author Bios
Title: Ethics Standards for New York CPAs
Prerequisite: None
Advance Preparation: None
Knowledge Level: Basic
Subject Matter Area: Behavioral Ethics, Regulatory Ethics
Date of Publication: August 2012
Copyright © 2012 by Bisk Education, Inc. All rights reserved.
Recommended CPE Credits: 4 QAS/Registry (based on 50-minute hour)
Expiration Date: One year from date of receipt to complete program and submit quizzer to obtain credit
Passing Grade for Quizzer: 70 percent or higher


With the number of negative, but high-profile cases gaining attention in recent years, it is imperative that practitioners be well-versed and clear as to their ethical responsibilities to the public that they serve. This program opens with the discussion of the different ethical reasoning methods and how they can assist in making ethical decisions, as well as CPA responsibilities to the public as outlined in the AICPA Principles of Professional Conduct. We will then move into a discussion of the different state rules of conduct New York CPAs must be in compliance with. The author also reviews Statements on Standards for Tax Services and the PCAOB Ethics and Independence Rules for CPAs.

Use of Materials

DVD
The user should begin by watching the DVD segment, if any, for the chapter before reading the text. The user may wish to make notes of the most important concepts and any terms that are new. Next, the user should review the learning objectives at the beginning of the chapter and read the chapter. The user should work through each of the examples. It may be helpful to highlight important material and/or to make additional notes. Next, the user should complete the study questions at the end of the chapter and review the answers. If the user answers a study question incorrectly, s/he should review the section of the text that is indicated at the end of the explanation to the study question to assure comprehension of the material. The user should review the learning objectives once more to consider achievement of the objectives. After the user has finished watching the DVD and reading the text and working through the study questions, s/he may wish to review her/his notes and any sections of the text or DVD that were difficult. When the user is ready, s/he should complete the quizzer. Reviewing notes periodically will increase retention of the material.

Online
The user should begin by watching the streamed video segment, if any, or listening to the streamed audio segment, if any, for the chapter before reading the text. The user may wish to make notes of the most important concepts and any terms that are new. Next, the user should review the learning objectives at the beginning of the chapter and read the chapter. The user should work through each of the examples. After the user has studied each chapter, s/he should click on the link at the left to complete the interactive study questions. If the user answers a study question incorrectly, s/he should review the section of the text that is indicated at the end of the explanation to the study question to assure comprehension of the material. The user should review the learning objectives once more to consider achievement of the objectives. After the user has finished watching the streamed video, if any, or listening to the streamed audio, if any, and reading the text and working through the study questions, s/he may wish to review her/his notes and any sections of the text or video/audio, if any, that were difficult. When the user is ready, s/he should click on the link to the left to complete the quizzer. The user's CPE certificate will be provided immediately upon successful completion of the quizzer.



This program is divided into seven (7) chapters and an appendix.

Chapter 1 examines different ethical reasoning methods and how they can assist in making ethical decisions.

Chapter 2 describes CPA responsibilities to the public as outlined in the AICPA Principles of Professional Conduct.

Chapter 3 describes the process for the regulation of licensed CPAs in New York State as defined by the State Education Department.

Chapter 4 explains the rules of professional conduct established by the Board of Regents.

Chapter 5 examines the independence standards that exist in the AICPA Rules of Professional Conduct, as well as the integrity and objectivity restrictions under the AICPA Code.

Chapter 6 covers additional AICPA ethics rules related to other responsibilities and practices.

Chapter 7 takes a look at the Statements on Standards for Tax Services as well as PCAOB Rules.

The Appendix contains a bibliography.

Helpful Guidance

Throughout this program, the user will find explanations and discussions regarding some of the issues that often face practitioners. In order to enhance the user's comprehension of the material and highlight important practical considerations, this program includes the following designations:

A Biskalert is intended to warn the practitioner of a particular situation that may require action or other consideration by the client or the practitioner on behalf of the client.

A Biskplan offers a strategy/discussion point when a practitioner is faced with a particular issue or situation.

A Biskpoint presents analysis or commentary that attempts to explain or clarify authoritative guidance.

A Bisktip provides practical advice that may be used to help improve client service or service to the practitioner's organization.

Upon successful completion of this program, the user should be able to:

  • Explain how philosophical reasoning methods can assist in making ethical decisions

  • Describe how the elements of utilitarianism, rights, and justice theories might be used to reason out ethical dilemmas

  • Discuss how business entities have made mistakes in decisionmaking by ignoring ethical reasoning considerations

  • Describe how ethical reasoning can be used to decide on the proper course of action in accounting decisions

  • Discuss how and why regulation of accounting has changed over time and the role of the Public Company Accounting Oversight Board

  • Describe what is meant by the public interest obligation of accountants and auditors

  • Explain the ethical obligations of licensees under the integrity and objectivity standards

  • Discuss how the Principles of the AICPA Code of Professional Conduct provide guidance in the performance of professional responsibilities

  • Describe what it means to have an ethical dilemma in accounting and how to deal with such issues in an ethical manner

  • Describe the requirements to be granted practice privileges in New York State

  • Explain when the titles "certified public accountant," "CPA," or "CPA firm" can be used in connection with the form of practice in NYS and what it means to be in the practice of public accountancy in NYS

  • Explain the State's competency requirements for attest and compilation services

  • Describe when a licensed CPA in NYS can sign, deliver, or issue a financial, accounting, or related statement or report on such statement

  • Discuss the mandatory quality review requirements in NYS

  • Discuss the continuing education requirements, including number of hours required, specific subject matter requirements, and the completion of a required ethics course

  • Discuss the disciplinary oversight regimen of licensed professionals by the Office of Professional Discipline

  • List what acts constitute unprofessional conduct and violate the Regents' rules

  • Explain the special provisions defining unprofessional conduct that apply to the profession of public accountancy

  • Describe the professional obligations under the special provisions of the Regents' rules

  • Explain the rules pertaining to client records

  • Describe when threats to independence may impair independence in the performance of professional services

  • Explain when relationships between a CPA and a CPA's immediate family and close relatives might impair independence

  • Explain when independence may be impaired when performing nonattest services for an attest client

  • Discuss when independence may be impaired because of employment or other relationships with an attest client

  • Explain the ethical obligations of a CPA to be objective and maintain integrity in dealing with supervisors and clients

  • List the ethical obligations of a CPA to a client when using a third-party service provider to assist in providing professional services

  • Discuss when ethics interpretations and rulings may affect the application of the independence, integrity, and objectivity rules of conduct

  • Explain a CPA's ethical obligations to perform professional services with competence and to follow required standards of practice including GAAP

  • Discuss the confidentiality obligation of CPAs including when using a third-party service provider

  • Describe when client provided records, member-prepared records, member work products, and member working papers should be provided to the client

  • Explain the "realistic possibility of success" standard for return positions

  • Describe the standards for issuing an opinion to reflect the results of a tax planning services

  • Discuss when the provision of tax services impairs auditor independence under PCAOB rules

  • Explain when the provision of services related to marketing, planning, or opining on tax transactions violates independence standards

  • Discuss when audit committee pre-approval is required before providing professional services to an audit client


Steven M. Mintz, PhD, is a professor at California Polytechnic State University in San Luis Obispo, CA. His expertise is in ethics and he teaches a course in accounting ethics at Cal Poly. Dr. Mintz is the holder of a PhD in Accounting and International Business from George Washington University, an MBA in Management Sciences from Syracuse University, and a BS in Accounting from Long Island University. He was certified in New York State but no longer practices as a licensed CPA. Dr. Mintz writes a popular ethics blog under the name, Ethics Sage. The website is: http://www.ethicssage.com. He has been interviewed by publications such as The New York Times because of his expertise in ethics. He has published about 30 papers in business and accounting ethics and made dozens of presentations on ethics topics to academic and professional groups. His textbook, co-authored with Roselyn Morris, Ethical Obligations and Decision-Making in Accounting: Text and Cases (2nd edition), was published by McGraw-Hill Irwin in 2011. The book is used in about 40 colleges and universities in the U.S. and internationally. Dr. Mintz serves on the Ethics Curriculum Committee of the California Board of Accountancy that is charged with identifying 10-units of ethics education to be part of the state's 150-hour educational requirement. (Author/Speaker)



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Qty. FormatCreditsProduct # Unit Price Ext Price
2769 Online4ONL5394 $79.00
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