Professional Ethics for Accountants
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Course Details

Overview of Topics

  • Ethical Standards for Certified Management Accountants (CMA’s)2 mins
  • IMA Statement on Ethical Professional Practice3 mins
  • Conflicts of Interest: Ethical Behavior versus Legal Behavior13 mins
  • Typical Ethical Dilemmas Accountants Face21 mins
  • Fraudulent Financial Reporting25 mins
  • Cookie Jar Reserves29 mins
  • From C-Suite to Prison42 mins
  • Resolution of Ethical Conflict53 mins
  • Fraud and Collusion61 mins
  • Ethical Versus Legal Behavior85 mins
  • The Foreign Corrupt Practices Act, The Sarbanes-Oxley Act, and Ethics94 mins
  • Ethical Considerations for Organizations126 mins

Course Description

This course provides an overview of ethical challenges and dilemmas that accountants in industry frequently face and provides strategies for dealing with those dilemmas. The course draws on several real-world frauds to illustrate the “slippery slope” that often leads to fraudulent behavior. The course also covers the three elements of the “The Fraud Triangle”, providing insight into the conditions that can result in fraud.

Topics include:

  • Ethical considerations for accounting professionals.
  • Ethical dilemmas.
  • Examples of fraud.
  • Strategies for dealing with ethical dilemmas.
  • The Fraud Triangle.
  • Differences between legal and ethical behavior.
  • Ethical aspects of the Foreign Corrupt Practices Act (FCPA) and the Sarbanes-Oxley Act (SOX).
  • Ethical considerations for accounting organizations.
  • This course covers the Professional Ethics material outlined in the content specification outline for the Certified Management Accountant (CMA) Part 2 examination.

Learning objectives

  • To identify the four standards of the Institute of Management Accountants (IMA) “Statement of Ethical Professional Practice”, competence, confidentiality, integrity, and credibility.
  • Recognize how ethical issues such as manipulation of results, analysis, and budgets can develop.
  • Identify the appropriate course of action for management accountants to take when confronted with an ethical dilemma.
  • Identify the three components of the Fraud Triangle model.
  • Identify the purpose of the Foreign Corrupt Practices Act (FCPA) and the practices it prohibits

About Presenter

Thomas Coghlan, MBA

Founder & CEO,CPE University, LLC

tcoghlan@thecpeuniversity.com

He has worked at the intersection of entrepreneurship, business leadership, technology, and education for over 25 years, resulting in a wide range of skills and experiences...

Entrepreneur:

  • Founder and CEO of two successful businesses: Appitur® Co. (EdTech) and CPE University (training for accountants).
  • Advisor and investor for startups in food services, online retail, and technology.

Business Leadership:

  • Progressively responsible roles for multi-national firms in the manufacturing and software industries (Controller -> CFO and IT Director -> VP of Client Services).

Technology:

  • Business Fellow for the Analytics Center of Excellence at Villanova University School of Business.
  • Sold and delivered over $4 million of successful consulting projects.

Education:

  • Developed and delivered over 1,300 hours of live Continuing Professional Education (CPE) for financial professionals.
  • Created and taught undergrad and MBA courses in accounting and analytics for a top US university.

Building a career is challenging, with many factors seeming to be out of your control. Making an investment in yourself through professional certifications and continuing education separates you from everyone else. CPE University's programs are designed to help you develop new skills, differentiate yourself, and “Achieve Your Strategic Advantage”.

For over 15 years we have leveraged deep subject matter expertise and cutting-edge online course delivery to provide in-depth programs for a reasonable investment. Let CPE University help you “Achieve Your Strategic Advantage”.

Review Questions

  • Question 1 : 00:15
  • Question 2 : 00:30
  • Question 3 : 00:45
  • Question 4 : 01:05
  • Question 5 : 01:25
  • Question 6 : 01:45
  • Question 7 : 02:00
  • Question 8 : 02:15
  • Question 9 : 02:28
  1. In accordance with the IMA’s “Statement of Ethical Professional Practice”, a member who fails to keep current with changes in relevant accounting standards is acting contrary to which of the following standards?
  2. If an IMA member discovers unethical conduct in their organization and fails to act, which of the following ethical standards will they be in violation of?
  3. High risk of employee fraud is most likely when there is rationalization, pressure and
  4. Which of the following fraud risk factors are mitigated by effective internal controls?
  5. Which of the following statements about the Foreign Corrupt Practices Act (FCPA) is correct?
  6. An effective system of internal controls is most likely to detect fraud perpetrated by
  7. What are the code of ethics for accountants?
  8. Theft or misappropriation of funds placed in one\\\'s trust or belonging to one\\\'s employer known as:
  9. When Opportunity is created fraud?
  1. In accordance with the IMA’s “Statement of Ethical Professional Practice”, a member who fails to perform professional duties in accordance with relevant standards is acting contrary to which of the following?
  2. In accordance with the IMA’s “Statement of Ethical Professional Practice”, a member has a responsibility to recognize professional limitations. Under which of the following standards of ethical conduct is this responsibility included?
  3. Increasing earnings through general ledger manipulation is typically considered a form of which of the following.
  4. According to the IMA’s Statement of Professional Ethical Practice, what is the first action a CMA should consider if they experience unethical behavior in the workplace and their organization does not have established ethical policies.
  5. Which of the following is incorrect regarding the differences between ethical behavior and legal compliance?
  6. Senior management of publicly traded companies are often able to rationalize fraudulent financial reporting by:
  7. Which of the following is false about the Foreign Corrupt Practices Act?
  8. An ethical code of conduct should include a conflict of interest provision. Which of the following should not be included in a conflict of interest provision?
  9. The Sarbanes-Oxley Act requires
  10. Many ethics experts recommend a code of conduct and ethical behavior. An advantage of a code of conduct is that it
  11. IMA stands for_______.
  12. How many conditions are there for trusted person to become trust violators?
  13. Which fraud involve fictitious revenue and earnings?
  14. Failure to comply with the standards may result in:
  15. What are the fundamental principles that accounting professionals choose to abide by to enhance their profession, maintain public trust, and demonstrate honesty and fairness?

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.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.
  • 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

4.4
(5)
60%
20%
20%
0%
0%
  • PL
    Patty Luther , ACCT./BK
    Jun 7th 2020
    OK
VB
Vicki Boschert , CPA
I had issues with the video stopping and navigating the website. I thought the training itself was very good and I thought it was very interesting including varying topics and real life examples.

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

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FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
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A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
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A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
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A BASIC ETHICS GUIDEBOOK FOR MINNESOTA CPAS
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A BASIC ETHICS GUIDEBOOK FOR CONNECTICUT CPAS
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A BASIC ETHICS GUIDEBOOK FOR ARIZONA CPAS
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MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, June 22, 2020 View Details/Register
Arizona Specific Ethics (Part 1)
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  • Cost $30
  • CPE Credits 3
  • Subject Area Ethics (Regulatory)
  • Course Level Basic
  • Instructional Method QAS Self Study
  • Prerequisites None
  • Advanced Preparation None
  • Recorded Date May 07 ,2020
  • Published Date May 07 ,2020
  • Who should attend? Accountant CPA - Small Firm CPA - Mid Size Firm Accounting Firm Young CPA CPA in Business Entrepreneurial CPA Accounting Practice Owners Accounts Director Chief Accounting Officer Entrepreneurial Accountant Accounting Managers
  • Handout Material Download
  • Key Terms Download

On-Demand Webinars

CARES ACT: NOL CHANGES (UPDATED LATEST)
Friday, July 03, 2020 View Details/Register
UNDERSTANDING & ADOPTING THE NEW REVENUE RECOGNITION STANDARD
Thursday, July 02, 2020 View Details/Register
FRAUD ESSENTIALS: WHO? HOW? WHY? WHAT?
Thursday, July 02, 2020 View Details/Register
PRACTICAL APPROACHES TO PERFORMING EFFICIENT & EFFECTIVE SSARS ENGAGEMENTS (COMPILATION AND REVIEW)
Thursday, July 02, 2020 View Details/Register
ARE YOU INDEPENDENT WHEN YOU NEED TO BE? UNDERSTANDING RECENT CHANGES TO THE AICPA CODE OF PROFESSIONAL CONDUCT
Thursday, July 02, 2020 View Details/Register
TAX UPDATE : FCCA 2020 & SECURE ACT. (COVID-19)
Friday, June 26, 2020 View Details/Register
IRS FORM 1099 REPORTING REQ. INCLUDING UPDATES ON FORM 1099-NEC (LATEST 2020)
Thursday, June 25, 2020 View Details/Register
FEDERAL TAX UPDATE: COMPREHENSIVE INDIVIDUAL TAX (FORM 1040)
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR UTAH CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MISSISSIPPI CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR MINNESOTA CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR CONNECTICUT CPAS
Thursday, June 25, 2020 View Details/Register
A BASIC ETHICS GUIDEBOOK FOR ARIZONA CPAS
Thursday, June 25, 2020 View Details/Register
MAXIMIZE YOUR SAVINGS POTENTIAL THROUGH HEALTH SAVINGS ACCOUNTS (HSAS)
Monday, June 22, 2020 View Details/Register
Arizona Specific Ethics (Part 1)
Monday, June 22, 2020 View Details/Register