Louisiana Ethics for CPAs (LAAE)

Customer Rating
Field of Study
Regulatory Ethics
Level
Basic
Credits
3
Qualifies For



Price:  $ 59

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 meets the requirement that Louisiana license holders must complete three continuing education credits as part of their annual reporting requirement covering the applications of professional standards and responsibilities. This course discusses common ethical frameworks relevant to the practice of public accountancy, provides a detailed review of the ethical requirements for Certified Public Accountants as found in the American Institute of Certified Public Accountants’ Code of Professional Conduct (Code), and discusses the major provisions of Louisiana’s Professional and Occupational Standards governing the practice of certified public accountants in the state of Louisiana. Through case studies and other examples, the course will highlight pertinent LA rules as well as compare and contrast these rules to those of other regulatory agencies, such as the AICPA, GAO, PCAOB, and SEC. The course will further address the similarities and differences between the Code requirements for CPAs in public accounting and industry, including the threats to independence inherent in both. The course will also cover the implications of the recently proposed and effective independence interpretations, including those related to a CPA’s responsibility to address and report on known or suspected noncompliance with laws and regulations.

The primary objectives of this course are to educate CPAs regarding ethics and ethical behavior; review, emphasize, and convey the intent of ethical standards and responsibilities relating to a CPA’s performance of professional accounting services; and help CPAs apply ethical judgment in the context of the public interest through the use of illustrative case studies.

Additional information

year

2022, 2024

version

01

Credits

3

Format

On Demand

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

  • The AICPA Code of Professional Conduct, including recent independence updates
  • The core principles of professional conduct – integrity, objectivity, and independence
  • Similarities and differences in the responsibilities of CPAs in public practice and industry
  • Recent changes to regulators’ rules and regulations
  • Principles and concepts that form the foundation of ethical behavior
  • Case studies demonstrating application of the applicable rules and standards, including those of other regulatory agencies
  • Louisiana professional standards and responsibilities for the practice of public accounting

Learning Objectives:

  • Apply the Code and Louisiana professional standards to common ethical challenges faced by Louisiana CPAs
  • Review the core principles of professional conduct – integrity, objectivity, and independence – as found in the AICPA Code of Professional Conduct (Code)
  • Understand the Louisiana professional standards and responsibilities for the practice of public accounting, including how they may differ from those in the Code and those promulgated by other regulatory bodies
  • Be familiar with the principles and concepts that form the foundation of ethical behavior
  • Identify differences in the ethical requirements for CPAs in public practice and industry

Designed For:

Louisiana CPAs engaged in the practice of public accounting