Ethics in Accounting and Auditing Practice

On Demand Webinar

Webinar Details $219

  • Webinar Length: 100 Minutes
  • Guest Speaker:   Chuck Borek
  • Topic:   Taxation and Accounting, Accounting Ethics
  • Credit:   ATATX 1.5, CPE 2.0

All Access Membership

Accountants and auditors are faced with a myriad of ethical principles that must be complied with. This course will identify the sources and functioning of accounting ethics rules and will analyze the rules most commonly applicable in both private and public accounting practices.

 Learning Objectives:

•AICPA and state ethics rules generally applicable to accounting

•The six AICPA principles of ethics

•The problem of independence: when it applies and how it operates

•Dealing with conflicts of interest

•The AICPA conceptual framework approach to resolving ethics problems 

•Ramifications of not adhering to ethical standards 

**This course is designed to qualify for ethics credit in many states, but no guarantee can be made with respect to any specific state.


  1. Introduction
  2. Morality and Ethics 00:02:02
  3. Ethics and the Accounting Professional 00:03:15
  4. Ethical -Legal Dilemma 00:04:36
  5. Frameworks for Ethical Decision Making 00:06:15
  6. A Thought Before We Begin 00:07:47
  7. Practical Ethica of Practice 00:10:49
  8. Certified Public Accountantcy 00:11:14
  9. Firm 00:13:12
  10. Reciprocal Permits and the Practice Privilege 00:14:20
  11. Requirements for a Reciprocal License 00:17:38
  12. Substantially Equivalent State 00:17:58
  13. Who Can Use “Certified Public Accountant” or “CPA” 00:19:15
  14. Don’t Do It! 00:20:38
  15. Ok if You’re Ok 00:22:48
  16. Continuing Professional Education 00:25:06
  17. Acceptable CPE 00:25:47
  18. Common Requirements For Acceptable CPE 00:27:24
  19. Acceptable CPE 00:29:37
  20. AICPA Code of Professional Responsibility 00:31:23
  21. Competence 00:32:08
  22. Advertising 00:33:22
  23. Fee Arragements 00:35:20
  24. Other Fee Issues 00:36:06
  25. Principles Vs. Rules 00:36:41
  26. Principles Vs. Rules (con’t) 00:37:45
  27. Principles 00:38:59
  28. Responsibilities 00:39:11
  29. The Public Interest 00:41:20
  30. Integrity 00:41:59
  31. Integrity (cont’d) 00:42:18
  32. Integrity: Subordination of Judgement 00:43:11
  33. Conflict of Interest 00:44:25
  34. Conditions That Create Conflicts 00:44:44
  35. Conflict Resolution 00:47:21
  36. Confidential Client Information 00:48:29
  37. Confidential Client Information Exceptions 00:
  38. Confidentiality Vs. Privilege 00:50:33
  39. Work Product Privilege and the IRS 00:51:53
  40. AICPA Independence 00:54:36
  41. Applying the Independence Rules  00:54:58
  42. Applying the Independence Rules - Business Relationships 00:55:31
  43. Routine Activities Related to Attest Services (No Impairment) 00:55:58
  44. General Requirements for Performing Both Attest and Nonattest Services 00:56:35
  45. General Requirements for Performing Both Attest and Nonattest Services (cont’d) 00:57:59
  46. Advisory Services 00:58:51
  47. Due Care 00:59:22
  48. Scope and Nature of Services 01:00:03
  49. AICPA Ethics Codification 01:01:23
  50. What’s a Conceptual Framework? 01:01:54
  51.  Independence: A Conceptual Framework 01:03:01:
  52. Threats to Independence 01:03:31
  53. Safeguards 01:04:21
  54.  Conceptual Framework Definitions 01:05:07
  55. Steps of Conceptual Framework 01:05:37
  56. Outstanding Fees 01:06:15
  57. Fee Arrangements 01:07:14
  58. Other Fee Issues 01:07:18
  59. Advertising 01:07:20
  60. Fraud 01:07:23
  61. What is Fraud?  01:08:57
  62. What is Fraud? - Misrepresentation 01:09:12
  63. What is Fraud? - Intentional 01:10:35
  64. What is Fraud? - Material Fact 01:10:57
  65. What is Fraud About? 01:11:32
  66. The Fraud Triangle 01:13:17
  67. Pressure 01:13:37
  68. Pressure (cont’d) 01:14:48
  69. Pressure (cont’d) 01:16:18
  70. The Fraud Triangle 01:17:30
  71. Opprotunities 01:18:06
  72. Opprotunities (cont’d) 01:19:39
  73. Opprotunities (cont’d) 01:20:17
  74. The Fraud Triangle 01:22:22
  75. Rationalization 01:23:46
  76. Rationalization (cont’d) 01:26:12
  77. The Fraud Triangle 01:29:19
  78. Case Study 01:30:46
  79. The Accountant 01:31:40
  80. Questions to Ponder 01:32:31
  81. The Facts 01:33:20
  82. Questions to Ponder 01:24:37
  83. Intermediate Conclusions 01:36:54
  84. Ultimate Conclusion 01:37:17
  85. Questions to Ponder 01:38:21
  86. Speaker Closing 01:40:32
  87. Presentation 01:40:45
  • AICPA 00: 00:27:07, 00:31:26
  • Certified Financial Planner (CFP) 00:23:18
  • Certified Public Accountant (CPA) 00:19:17
  • Enrolled Agent (EA) 00:
  • Generally Accepted Accounting Principles (GAAP) 00:51:15
  • Reciprocal License 00:15:59
  • Sole Proprietorship 00:13:17

AICPA: The American Institute of Certified Public Accountants is the national professional organization of Certified Public Accountants in the United States, with more than 418,000 members in 143 countries in business and industry, public practice, government, education, student affiliates and international associates.

Certified Financial Planner: The Certified Financial Planner (CFP) designation is a professional certification mark for financial planners conferred by the Certified Financial Planner Board of Standards (CFP Board) in the United States, and by 25 other organizations affiliated with Financial Planning Standards Board (FPSB), the owner of the CFP mark outside of the United States.

Certified public accountant (CPA): A designation given to an accountant who has passed a standardized CPA exam and met government-mandated work experience and educational requirements to become a CPA.

Enrolled agent (EA): A tax professional who represents taxpayers in matters where they are dealing with the Internal Revenue Service (IRS).

Generally Accepted Accounting Principles (GAAP): A set of rules and guidelines developed by the accounting industry for companies to follow when reporting financial data. Following these rules is especially critical for all publicly traded companies.

Reciprocal License : CPA license reciprocity, or certification by reciprocity, is designed for CPAs that currently hold a CPA license and want to move their principal place of practice to another jurisdiction, effectively changing their home jurisdiction.

Sole Proprietor: A business that legally has no separate existence from its owner. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.

ATATX Credit

Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in accounting.

CPE Credit

Continuing Professional Education

Aurora Training Advantage is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as complaint and refund, and cancellation please contact our offices at 407-542-4317 or training@auroratrainingadvantage.com.

You must answer all questions during the webinar, view the recording completely and pass the test at the end with 70% correct answers to receive CPE credit.

Guest Speaker

  • Chuck Borek

    Chuck Borek

    Chuck Borek is a practicing attorney and founder of  the Borek Group, LLC. Chuck is also a CPA, and his background includes  five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor [...]

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