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#410-Professional Ethics for Accountants in Business and Industry

 

Course Description:   This highly interactive course provides an overview of the ethical standards and considerations that govern Certified Public Accountants (CPAs), Certified Management Accountants (CMAs), and other accounting professionals in business and industry.   We will review the applicable sections of the Code of Professional Conduct of the American Institute of Certified Public Accountants (AICPA), and the Statement of Ethical Professional Practice of the Institute of Management Accountants (IMA) and discuss how these codes of conduct set a standard of ethical behavior that is applicable to all accounting professionals.

Short case studies will be used to demonstrate ethical issues that may occur in the workplace and discuss the elements that should be considered in determining how to handle these situations.   We will also discuss the guidelines for conflict resolution recommended by the AICPA and the IMA and the resources available to accounting professionals that are involved in an ethical dilemma.

Pre-requisites:  This is an intermediate-level course.  Participants should have BBA in Accounting with 1-2 years of experience in an accounting-related field.

Who should attend: Vice-presidents or finance directors, controllers, accounting managers and supervisors, CPAs; CMAs; financial accountants and financial analysts, cost accountants and cost analysts.

Course Objectives:  Upon the completion of this seminar, you will be able to:

  • Discuss the ethical standards that govern Certified Public Accountants and Certified Management Accountants in business and industry.
  • Be able to identify ethical issues that may occur in your workplace.
  • Apply guidelines for conflict resolution to ethical dilemmas.
  • Explain grievance procedures and potential sanctions for ethics violations.

 Course content:

  • Code of Ethics for Members in Business and Industry

    • AICPA Code of Professional Conduct
      • Section 102 Integrity and Objectivity
      • Section 200 General Standards Accounting Principles
      • Section 501 Acts Discreditable
  • IMA Statement of Ethical Professional Practice
    • Competence
    • Confidentiality
    • Integrity
    • Credibility
  • Guidelines for Conflict Resolution
    • AICPA
    • IMA
    • Ethics consultations
  • Grievance Procedures and Sanctions

Instructional method used:  Instructor-led

Recommended CPE:  3.0 credit hours

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