Professional ethics are a cornerstone of the CPA profession. The public expects that you will know and understand all of the ethical and legal standards that apply to accountancy, and keeping informed is an increasingly complex order. Obtain a pragmatic understanding of ethical and legal standards for CPAs in this course, which will provide you with practical guidance that apply to you on a daily basis.
A portion of this class is designed to meet the California Board of Accountancy's two-hour regulatory review course requirement, as well as the four-hour ethics requirement. During this section of the course you will review specific to the practice of public accountancy in California the California Accountancy Act and CBA regulations, as well as historic and recent CBA disciplinary actions.
Recognize how to avoid common areas of accounting malpractice as illustrated by California case law.
Recall emerging national trends in litigation involving the accounting profession.
Identify California Accountancy Act, its articles and California Board of Accountancy regulations.
Recall CBA disciplinary actions.
California Business and Professions Code
AICPA Code of Professional Conduct
California and national case law involving the practice of accounting
IRS Circular 230: Duties in tax practice
Sarbanes-Oxley Act: Duties of accounting professionals
Professional duties when fraud is discovered
California Accountancy Act, specific to the practice of public accountancy in California and articles 1.5, 3.5, 4, 5.5, 6, 6.5 and 7
California Board of Accountancy regulations specific to the practice of public accountancy in California
Accountancy regulations articles 1, 9, 12, 12.5 and 13
CBA disciplinary actions
CPAs in public practice, industry and governmental agencies.
Advanced Prep: None
Speaker: Dana A. Basney, CFE, CIRA, ABV
Field of Study: Ethics
CPE Credit: 8 Hours
Meet the Speaker:
Dana A. Basney, MSBA, CPA, CFE, CIRA, CVA, ABV, is a shareholder in Mayer Hoffman McCann P.C. and a managing director of CBIZ, in charge of their Forensic Accounting Services Group. Mr. Basney has wide experience as an expert witness and has acted as a consultant to attorneys in civil and criminal cases in both Federal District Court and state courts. His testimony has involved such diverse matters as accounting standards, accounting malpractice, business valuation, economic losses and tax issues. Mr. Basney has also been appointed as special master, joint expert in matters of valuation and accounting, mediator and settlement referee in numerous court cases. Since 1978, Mr. Basney has taught accounting and business classes. And since 1982, he has taught accounting classes through the University of California at San Diego's Extension program. He currently teaches Fraud Examination and Forensic Accounting in the Graduate Program for the University of San Diego.