The Accountant Ethics for Michigan course addresses the essential code of conduct and regulatory issues, as derived from the AICPA Code of Professional Conduct, the Michigan Accountancy Administrative Rules, and portions of the Michigan Occupational Code as they pertain to accountancy. Topics covered include professional conduct, practice privileges, continuing education requirements, the proper use of titles, contingent fees, commissions, and many related issues.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Describe the different principles contained within the AICPA Code of Professional Conduct.
Specify the different types of harassment.
Describe the types of discreditable acts stated in the AICPA Code of Professional Conduct.
Explain the accountant's obligations related to the release of confidential information.
Specify the policies that may apply to the release of confidential information.
Identify the characteristics of false or misleading promotional efforts.
Describe the obligations of the accountant in relation to the delivery of records to a client.
Specify the obligations of the accountant in regard to conflicts of interest.
Describe the different types of threats to an accountant's ability to comply with the AICPA Code of Professional Conduct.
Identify the standards adopted by reference in the Michigan Accountancy Administrative Rules.
Specify the documentation retention requirements of the Michigan board of accountancy.
Identify the Michigan requirements for taking the uniform CPA examination and then applying for a CPA certificate.
Specify the acts considered by Michigan to be discreditable to the profession.
Describe the composition of the Michigan state board of accountancy.
Identify the activities that certified public accountants are not allowed to perform in Michigan.
Specify a firm's notification requirements to the Michigan board of accountancy for a change of address.
Major Topics
Failure to File a Tax Return or Pay a Tax Liability
Conflicts of Interest
Dude Care
The Conceptual Framework
Ethical Conflicts
Ethical Standards in Tax Practice
Ethical Framework
Accountancy Administrative Rules
Article 7: Occupational Code