Table of Contents

Chapter 1 - Ethics and Ethical Reasoning - Section 1. 1

Learning Objectives. 1

Ethical Reasoning and Accountants. 3

Ethical Dilemmas in Accounting. 5

Chapter 1 - Section 1 Review Questions. 7

Chapter 2 - AICPA Code of Professional Conduct - Section 2. 8

Learning Objectives. 8

AICPA’s Code of Professional Conduct 8

Summaries of the Six Principles. 9

1.100 - Integrity and Objectivity Rule. 10

1.200 - Independence Rule. 14

Chapter 2 - Section 2 Review Questions. 34

Chapter 2 - AICPA Code of Professional Conduct - Section 3. 35

1.300 - General Standards Rule. 35

1.400 - Acts Discreditable Rule. 36

1.510 - Contingent Fees Rule. 39

1.520 - Commissions and Referral Fee Rule. 40

1.600 - Advertising and Other Forms of Solicitation Rule. 41

1.700 - Confidential Client Information Rule. 41

1.800 - Form of Organization and Name Rule. 42

Summary Notes. 44

Case Studies of AICPA Ethics Violations. 45

Chapter 2 - Section 3 Review Questions. 51

Chapter 3 - Connecticut - State Board of Accountancy Regulations - Section 4. 52

Learning Objectives. 52

State Board. 52

Rules of Professional Conduct 53

Disciplinary Actions by the Board. 58

Licenses. 59

Permits. 59

Continuing Education Requirements. 60

Quality Reviews. 61

Chapter 3 - Section 4 Review Questions Feedback. 66

Review Question Answers. 67

Chapter 1 - Section 1 Review Questions Feedback. 67

Chapter 2 - Section 2 Review Questions Feedback. 68

Chapter 2 - Section 3 Review Questions Feedback. 70

Chapter 3 - Section 4 Review Questions Feedback. 72

Appendix. 75

Connecticut FAQs - Renewal of License. 75

AICPA Ethics FAQ.. 77

Glossary. 84

Index.………………………………………………………………………………………………………………………………………88

Final Examination. 90