||Ethics Standards for Texas CPAs
|Subject Matter Area:
|Date of Publication:
||2015 by Thomson Reuters/Tax & Accounting. All rights reserved.
|Recommended CPE Credits:
||4 QAS/Registry (based on 50-minute hour)
| Textbook Only
||4 QAS/Registry (based on 50-minute hour)
||One year from date of receipt to complete program and submit quizzer to obtain credit
|Passing Grade for Quizzer:
||70 percent or higher
This four-hour CPE ethics course is designed to provide Texas CPAs with an online course that will enable practitioners to meet the CPE ethics requirements as mandated by the Texas State Board of Public Accountancy. The purpose of this course is to introduce you to the general idea of ethics—what they are and why we as a profession need ethics. First, we will look at what ethics means and why it is important to study ethics as accountants. Next, we will work through the problems involved with moral reasoning and using this reasoning as the basis of ethical decision making. We will examine the steps that can be followed when faced with ethical dilemmas. We will work through some cases that will allow us to apply the process in a real world setting. Then, we will look at the rules all Texas CPAs should know, the Rules of Professional Conduct as set by the Texas State Board of Public Accountancy (TSBPA). The major aspects of these rules will be discussed with particular emphasis on recent changes. Finally, we will examine some case situations in which Texas rules apply.
Use of Materials
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 six (6) chapters, a glossary, and a topical index.
Chapter 1 introduces the user to the topic of ethics and why the accounting professional needs ethics.
Chapter 2 focuses on the ethical responsibility of an accountant and her/his priority of duty and loyalty.
Chapter 3 covers moral reasoning.
Chapter 4 explains the importance and relevance of an effective code of conduct.
Chapter 5 discusses the various aspects of the AICPA Code of Professional Conduct, as well as other pertinent independence rules a CPA must follow.
Chapter 6 evaluates additional Texas rules that a Texas CPA must follow.
Chapter 7 contains glossary that defines frequently used key terms.
Throughout this publication, 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 publication includes the following designations:
A Bisk CPEasy alert 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 Bisk CPEasy plan offers a strategy/discussion point when a practitioner is faced with a particular issue or situation.
A Bisk CPEasy point presents analysis or commentary that attempts to explain or clarify authoritative guidance.
A Bisk CPEasy tip 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:
- Identify the Texas ethics requirements for mandatory CPE requirements
- Recognize what "expectations gap," "credibility gap," and ethics are
- Define important ethics-related terms
- Identify the ethical responsibilities of an accountant
- Recognize fiduciary relationship and stakeholder
- Recognize the primary responsibilities of CPAs
- Identify the different moral reasoning methods
- Identify the importance and relevance of an effective code of conduct
- Recognize the six-step approach to ethical decisionmaking
- Recognize the Texas independence rules for CPAs
- Identify independence, integrity, and objectivity
- Recognize the CPA's responsibilities to the client, public, and the profession
Charles W. Stanley, CPA, PhD, is an Associate Professor of Accounting, in the Department of Accounting, at Baylor University. He is currently serving as member of the Professional Ethics Committee of the Texas Society of CPAs. He has served on this committee since 1990 and previously served as Chair of the Communication and Education subcommittee of the PEC. He also is currently serving as a member of the Special Review Committee of the GFOA, and the Professional Standards Committee for the TSCPA. He has developed, co-written and presented a number of courses and articles on various subjects around the world. (Author)