Tales of Corruption 2022: Ethical Misdeeds

Overview

This course is designed with information from actual "ripped from the headlines" ethics cases. Most of these cases are on the extreme end of ethical misdeeds but there's a lot that can be learned about "doing the right thing" from examining these cases. An ethical decision-making model will be presented in relation to each case.

Ethical decision-making models generally fall into two categories: step-by-step models and lens models. Step-by-step models generally give you steps to work through that will help lead you to an ethical decision. For example, the AICPA Conceptual Framework and the PLUS model are both a step-by-step approach. Lens models attempt to give you a big picture view of how ethical decisions are made. Learning more about how one can view an ethical decision through a lens model allows you to evaluate the situation from a high-level perspective in order to make the best decision possible.

The key to utilizing an ethical decision-making model is appreciating how they each may be useful depending on the circumstances. By better realizing what is needed in a given situation, you can do a better job of choosing the right decision-making model to address necessary issues.

Learning Objectives

At the end of this course, participants will be able to:

  • evaluate small ethical breaches and their potential to escalate
  • recall the American Institute of CPAs (AICPA) Code of Professional Conduct when faced with
    ethical dilemmas
  • categorize the elements of pressure, opportunity, and rationalization in relation to fraud
  • define an ethical problem, identify and evaluate solutions, and determine the best course of
    action
  • recognize the building blocks of a strong ethical culture

Designed For

Newly licensed Virginia CPAs (1-2 years); Virginia CPAs needing a refresher on laws, regulations and policies that govern the profession

Advanced Preparation

None

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