A CPA is challenged in today's work world to not only serve the client or employer but also to protect the public interest by ensuring that there is transparency in financial reporting or there is fair administration of the tax laws. In balancing the two interests, a CPA may find himself or herself in an ethical dilemma. This course covers not only some basic ethical frameworks, but also specific rules from the New York Rules and Regulations and the AICPA Code of Professional Conduct governing CPA practice and responsibilities. To illustrate these rules, this course will examine a number of real-life case studies.

After successful completion of this course, you should be able to:

• remember the rules of ethics for CPAs and professional accountants licensed in New York
• recall the intent of the AICPA Code of Professional Conduct and the New York Rules, Regulations, and Education Law
• recognize when and how in the performance of professional accounting services you should apply these rules and principles beyond merely complying technically
• identify requirements for and opportunities to apply ethical judgment in interpreting the rules and determining public interest so that public interest is placed ahead of self-interest, even if it means a loss of job or client