This 4-hour course is designed to meet the Ethics and 2-hour CR&R requirement of the Colorado State Board of Accountancy (the "Board"). In this course, we explore ethical principles and values, noting how contextual factors and other issues may cause a person to adopt skewed or incorrect ethical positions. The course then covers ethical reasoning and its application to common accounting dilemmas. This course also 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.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Recall the component parts of the study of ethics.
Identify the main aspects of virtue ethics.
Recall the various rationalizations used for committing fraud.
Recognize the organizational structure in which employees are pressured the most to accept the direction of management.
Specify the situations under which employees may violate their own ethical standards.
Recall the dispositions that can cause a person to engage in incorrect ethical reasoning.
Specify the requirements for certification as a CPA.
Recall the possible violations of the test administration standards.
Cite the extent of the experience requirement needed for the Board to issue a certificate.
Specify the additional certificate requirement(s) needed for those who issue attest or compilation reports.
Describe the disposition of the various types of certificates.
Identify the requirements for converting a certificate to retired status.
Recall the options available to the Board for making findings following an investigation.
Specify the enforcement procedure for subpoenas.
Major Topics
Ethical Principles and Values
The Intuitive Approach
Fraud Triggers
Ethical Reasoning and Dilemmas
Clearly Unethical Acts
Ethical Conflicts
Colorado Rules, Statutes, and Policy Statements
