Ethics for Accountants: Minnesota
Credit Hours: 8
Category: Ethics/Regulatory Ethics
Requires Prerequisites or Advanced Preparation: No
Delivery Method: PDF
Instructor: Beacon Hill Financial Educators
This Beacon Hill Financial Educators course is designed to meet the eight-hour ethics CPE requirement for CPAs renewing their licenses in Minnesota. It covers current ethical issues and special topics in the accounting profession, an introduction to the AICPA Code of Professional Conduct (with examples and case studies), and the Minnesota Statutes and Board of Accountancy Rules.
This course will cover the following topics:
- Define ethics in the context of being ethical versus acting ethically.
- Identify the types of accounting services in which the fiduciary standard applies.
- Recognize the circumstances under which conflicts of interest can arise when a variety of accounting services are offered by a CPA or firm.
- Differentiate between rules-based, principles-based, and objectives-oriented accounting.
- Interpret recent ethical inquires received by the AICPA.
- Recognize the primary components that serve as the foundation of the AICPA ethical standards.
- Distinguish between the AICPA Principles of Professional Conduct.
- Distinguish between the AICPA Rules of the Code of Professional Conduct.
- Define the key terminology used in the Statutes and Rules.
- Recognize the primary requirements and procedures for renewal of Minnesota individual licenses and firm permits.
- Define the enforcement procedures of the Board with respect to violations of the rules by licensees and firms.
- Define the continuing professional education requirements for licensees.
- Recognize the requirements for peer review.
- Define the rules with respect to professional conduct.