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Course Details

Overview of Topics

  • What are "Ethics?

    3 mins
  • Case study - health south

    21 mins
  • Rationalization: the enemy of values

    87 mins
  • What aces people make bad decisions?

    119 mins
  • integrity and objectivity - &501.73

    146 mins
  • integrity and objectivity (Cont;d)

    150 mins
  • Specific behaviors of high integrity

    152 mins
  • Responsibilities to the public

    164 mins
  • Rules of professional conduct

    167 mins
  • Responsibilities to clients

    177 mins
  • Responsibilities to the board/profession

    192 mins
  • Substance abuse/ mental health issues

    206 mins

Course Description

4.0 CPE TSBPA Approved Ethics for Texas CPAs  

Texas Certified Public Accountants (“CPAs”) are required to take a four-hour course once every two years pursuant to Board Rule 523.131 to maintain their licenses. The course and instructor are approved by the Texas State Board of Public Accountancy.

Professional conduct and ethical behavior are really the backbone of the entire accounting and auditing profession. These components form the foundation upon which our creditability with the general public is built, without which, there is no profession. Whether you are a practitioner in public accounting or business and industry, you must always act in accordance with the requirements that define professional conduct and ethical behavior. This course fulfills the Texas State Board of Public Accountancy (Board) requirement. A CPA is challenged in today’s work world to not only serve his/her 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 him or herself in an ethical dilemma. This course covers not only basic ethical frameworks but also specific rules governing CPA practice and responsibilities. It concludes with a section on how a CPA can put his or her ethics into action.

Webinar Qualifies for

  • 4 credit of Ethics for all Texas CPAs (Approval No. 010556)
  • 4 General Educational credit for Tax Professionals/Bookkeepers/Accountants

Learning objectives

  • To educate licensees in ethics of professional accounting as Texas CPAs.
  • To convey the intent of the Rules of Professional Conduct in the performance of professional accounting services/work, not to adhere to the mere technical compliance of such rules.
  • To assist the Texas CPA in applying ethical judgment in interpreting the rules and determining public interest. Public interest should be placed ahead of self-interest, even if it means a loss of job or client.
  • To review and discuss the Rules of Professional Conduct and their implications for persons in a variety of practices including :
  • CPAs in client practice of public accountancy who perform attest and non-attest services per § 501.52.

About Presenter

Allison McLeod, DL

Accounting Manager,Allison M. McLeod LL.M. CPA A PLLC

a_m_mcleod@yahoo.com

Allison M. (Yee) McLeod, LL.M., JD, CPA, is currently a full-time Senior Lecturer at the University of North Texas in Denton, Texas. She has also taught at the UNT College of Law as an adjunct law professor. Prior to her career in academia, Professor McLeod spent 18 in industry, working for a Big 4 accounting firm. a major retailer and an international cement company. In addition to her academic duties, Professor McLeod has had the privilege of teaching ethics to Texas CPAs across the State since 2011 and regularly serves as an expert witness on accounting malpractice cases. She is the owner of CPAEthicsOnline.com, which provides ethics CPE courses online for CPAs nation-wide. She occasionally serves as an expert witness in accounting malpractice cases.

Allison M. (Yee) McLeod, LL.M., JD, CPA, has served as an expert witness in multi-million dollar cases involving tax litigation and accounting malpractice. Professor McLeod also a full-time Senior Lecturer at the University of North Texas in Denton, Texas. Her courses include Ethics, Corporate Taxation, Tax Research and Financial Accounting. In addition to her academic duties, Professor McLeod has had the privilege of teaching ethics to Texas CPAs across the State since 2011 and regularly serves as an expert witness on accounting malpractice cases.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:40
  • Question 3 : 00:55
  • Question 4 : 01:15
  • Question 5 : 01:35
  • Question 6 : 01:55
  • Question 7 : 02:10
  • Question 8 : 02:35
  • Question 9 : 02:57
  • Question 10 : 03:12
  • Question 11 : 03:35
  • Question 12 : 03:50
  1. Which of the following can be used to describe the term “ethics?”
  2. Utilitarianism can be defined as:
  3. Deontology is an ethical framework which focuses on an individual’s duty or obligation to determine whether actions are right or wrong. Which of the following would be an example of the deontological framework?
  4. What are some of the excuses individuals use to rationalize unethical behavior?
  5. Board Rule § 501.73 on Integrity and Objectivity requires a CPA to:
  6. Which of the following is TRUE?
  7. If a client wishes to lodge a complaint against a CPA, the CPA is required to provide which of the following information:
  8. If a CPA or CPA firm opts to advertise services offered, permitted activities include:
  9. What are situations in which a CPA may accept a contingent fee?
  10. When is a CPA permitted to reveal confidential client information? Assume the client has not otherwise signed a written waiver.
  11. How long must attest workpapers be kept?
  12. In the event that a CPA is convicted or obtains deferred adjudication of a serious crime such as a felony or Driving Under the Influence, how long does a CPA have to notify the Board in writing?
  1. Bobby, a Texas CPA, works in the Accounting Department of a corporation. Since he is not employed in the client practice of public accountancy, he is not subject to penalties and/or license suspension per the RPC.
  2. Miss Ellie, CPA, performs attest services in her hometown of Seguin, TX. She need only to satisfy the requirements under GAAP in performing these services.
  3. J.R. holds a CPA license from the State of Kentucky and moves to Dalhart, Texas to set up a sole proprietorship specializing in attest services to be offered to the general public. J.R. cannot hold himself out to be a CPA in Texas unless he also has a Texas CPA license.
  4. Pamela, CPA, suffered a seizure from a previously undiagnosed health condition and crashed her Mercedes Benz into a tree in San Angelo, TX, where her CPA firm is located. Sue Ellen, CPA, is one of her main competitors and turns Pamela into the Board stating falsely that Pamela’s accident was due to an addiction to painkillers. Sue Ellen spreads the rumor around town that Pamela is in trouble with the Board even though she knew at the time Pamela did not have an addiction. Sue Ellen has just violated the RPC regarding Frivolous Complaints even though she claims that her actions were all in good fun.
  5. Assume the same facts as 4. above except Sue Ellen has her niece Lucy contact the Board and spread the rumors. Sue Ellen is insulated from the RPC since she, Sue Ellen, was not the person who besmirched Pamela’s reputation.
  6. A CPA firm located in Parker County, Texas, can call itself Ewing & Barnes, Certified Public Accountants - Tax Specialists if:
  7. Which of the following constitutes an “act discreditable to the profession?”
  8. Jenna Wade completed a tax return a year ago for ABC Pest Extermination and Skunk Removal Services, Inc. She has been struggling to obtain payment of her fees. The CFO of ABC calls Jenna and asks for a copy of the tax return.
  9. Cliff Barnes, CPA, was convicted of attempted armed robbery at the First National Bank of Ponder. He was stone drunk when he committed this crime.
  10. Ray has specialized in providing tax services to the farming and ranching community through his CPA firm in Henderson County, Texas. Ray has been short of cash lately and has been recently approached by a client to audit the client’s financial statements for use in a refinancing. Ray has never performed any auditing services in his whole career.
  11. Ethics can be defined as:
  12. What are some reasons why people make bad decisions?
  13. What is a rationalization that some people employ when engaging in unethical behavior?
  14. What of the items below is NOT a way of testing whether a person is rationalizing behavior that is unethical?
  15. What pieces of contact information are you required to provide to a client who indicates that they wish to lodge a complaint against you and/or your firm to the Board?
  16. The Rules of Professional Conduct require the CPA to uphold certain duties to the public. Which of the following are NOT a required duty?
  17. Joe, an independent CPA, has prepared the tax return for ABC Corporation for many years. ABC is now in the midst of litigation with IRS. Joe has been subpoenaed for purposes of being deposed by the IRS’s counsel. Joe does not possess a law degree. Which of the following statements are correct?
  18. Who is NOT covered by the Rules of Professional Conduct?
  19. A CPA may accept a contingent fee for the following engagements:
  20. Which of the following circumstance would require a CPA to reveal confidential client information:

Disclaimer

All jurisdictions accept courses from Registry sponsors to a certain extent. However, some jurisdictions have additional requirements. You can see which jurisdictions have these requirements here: https://www.nasbaregistry.org/cpe-requirements

FAQ

  • myCPE self-study courses are online.
  • The self-study format allows you to access the material online 24/7 and study at your own pace.
  • As per NASBA guidelines, you have one year from date of registration to complete each program.
  • Complete your final exam at any time and get CPE Credit instantly. You can retake the exam multiple times without any additional charges.
  • Course have minimum passing score of 70% and test takers will not be provided feedback on failed exams.
  • These are Live recorded presentations converted into Self Study (On-Demand Videos).

Refund/Cancellation Policy

  • For more information regarding refund, complaint and program cancellation policies, please contact our offices at 646-688-5128
  • Please email to   help@my-cpe.com  in case of any self study program queries.

Reviews

4.8
(33)
85%
9%
3%
3%
0%
  • JB
    Jie Bao , CPA
    May 15th 2020
    Great ethics webinar. Very helpful. A must for CPAs. myCPE is the best provider of continued education for CPAs & EAs. The best thing is that myCPE provided this course for free during this pandemic which is hardly provided by any company. Keep up the good work.
GS
George Stearns , CFE, CPA
Generally a very well prepared ethics course with relevant topics and case studies.
CB
CHERYL berri , ACCT./BK, CPA
This was the best ethics webinar I have attended in several years. The instructor's admonition that to improve ethics compliance, you have to change people was perfect. And it was a good mix of technical and practical materials.
EJ
Eddie Juarez , CPA
good
KP
Keye Perry , CPA
This would be a six-star program except for the constant refreshing that occurred in the first 60 minutes of the video. This may have been due to a slow machine on either or both our parts or to extremely high band-width use as many people were home and on their devices. The program was clearly laid out and well-presented, making it relatively easy, except for constant refreshing, to follow and comprehend.
BM
Barbara Martin , CPA
good

NASBA Approved

MY-CPE LLC, 1600 Highway 6 South, Suite 250, Sugar Land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

On-Demand Webinars

IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register
IS IT DEDUCTIBLE: COMMONLY ASKED IRS DEDUCTIONS (UPDATED 2020)
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP – INTRODUCTION TO NFP AND GOVERNMENTAL ACCOUNTING & AUDITING
Monday, October 26, 2020 View Details/Register
GOVERNMENT CONTRACT ACCOUNTING - FUNDAMENTALS, INDIRECT RATES, COST & PRICE PROPOSAL, CAS (UPDATED 2020)
Monday, October 26, 2020 View Details/Register
Ethics for Wyoming CPAs
Friday, October 09, 2020 View Details/Register
CPA & ACCOUNTANTS: WHAT YOU SHOULD KNOW ABOUT CREDIT CARD SURCHARGING & IT'S LEGALITY
Thursday, October 22, 2020 View Details/Register
WORK WELL REMOTE: BOUNDARIES FOR BETTER HABITS
Wednesday, October 21, 2020 View Details/Register
FUNDAMENTALS OF INCOME TAXATION OF TRUSTS & FORM 1041 PLANNING: WHAT EVERY ADVISORS NEEDS TO KNOW
Wednesday, October 21, 2020 View Details/Register
ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?
Wednesday, October 21, 2020 View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Thursday, October 15, 2020 View Details/Register
CUTTING THE GORDIAN KNOT: ECHECK FRAUD, MOBILE BANKING FRAUD, CHECK 21 & HOLDER IN DUE COURSE
Tuesday, October 13, 2020 View Details/Register
CYBERSECURITY BASICS FOR ACCOUNTING & TAX COMMUNITY
Monday, October 12, 2020 View Details/Register
CYBERSECURITY ESSENTIALS FOR TAX PREPARER
Friday, October 09, 2020 View Details/Register
FORENSIC ACCOUNTING : VALUE ADDED SKILL FOR EVERY ACCOUNTANT
Thursday, October 08, 2020 View Details/Register
  • Cost $80
  • CPE Credits 4
  • Subject Area Ethics (Regulatory)
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Published Date March 06 ,2020
  • Who should attend? CPA - Small Firm CPA - Mid Size Firm CPA - Large Firm CPA (Industry) Young CPA CPA in Business
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

IRS PENALTIES, ABATEMENTS, AND REASONABLE CAUSE
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP - NFP AND GOVERNMENTAL ACCOUNTING & AUDITING UPDATE
Wednesday, October 28, 2020 View Details/Register
IS IT DEDUCTIBLE: COMMONLY ASKED IRS DEDUCTIONS (UPDATED 2020)
Wednesday, October 28, 2020 View Details/Register
YELLOW BOOK BOOT CAMP – INTRODUCTION TO NFP AND GOVERNMENTAL ACCOUNTING & AUDITING
Monday, October 26, 2020 View Details/Register
GOVERNMENT CONTRACT ACCOUNTING - FUNDAMENTALS, INDIRECT RATES, COST & PRICE PROPOSAL, CAS (UPDATED 2020)
Monday, October 26, 2020 View Details/Register
Ethics for Wyoming CPAs
Friday, October 09, 2020 View Details/Register
CPA & ACCOUNTANTS: WHAT YOU SHOULD KNOW ABOUT CREDIT CARD SURCHARGING & IT'S LEGALITY
Thursday, October 22, 2020 View Details/Register
WORK WELL REMOTE: BOUNDARIES FOR BETTER HABITS
Wednesday, October 21, 2020 View Details/Register
FUNDAMENTALS OF INCOME TAXATION OF TRUSTS & FORM 1041 PLANNING: WHAT EVERY ADVISORS NEEDS TO KNOW
Wednesday, October 21, 2020 View Details/Register
ACCOUNTANT PREPARED A RETURN AND IT IS UNDER CRIMINAL INVESTIGATION BY THE IRS, NOW WHAT?
Wednesday, October 21, 2020 View Details/Register
GENERALLY ACCEPTED GOVERNMENT AUDITING STANDARDS: THE NEW YELLOW BOOK (LATEST FOR NON-PROFIT)
Thursday, October 15, 2020 View Details/Register
CUTTING THE GORDIAN KNOT: ECHECK FRAUD, MOBILE BANKING FRAUD, CHECK 21 & HOLDER IN DUE COURSE
Tuesday, October 13, 2020 View Details/Register
CYBERSECURITY BASICS FOR ACCOUNTING & TAX COMMUNITY
Monday, October 12, 2020 View Details/Register
CYBERSECURITY ESSENTIALS FOR TAX PREPARER
Friday, October 09, 2020 View Details/Register
FORENSIC ACCOUNTING : VALUE ADDED SKILL FOR EVERY ACCOUNTANT
Thursday, October 08, 2020 View Details/Register