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Madoff : A Case Study in the AICPA Code of Conduct

Price: $19.99

CPE Credits: 2.0

Category:

Course Number: EMCMAD15

ethics for cpas

Description: Course Description:
Bernard Madoff Investment Securities LLC was the source of the largest financial fraud in US history. Madoff perpetrated a simple Ponzi scheme whereby older investors were paid with newer investor funds, thus providing the impression of actual investment returns. The extent of the losses related to Madoff’s Ponzi scheme have been estimated at $50 – $65 billion.
Many are astounded to hear that Bernard Madoff Investment Securities LLC was audited by a CPA. Unfortunately, Madoff’s CPA apparently did not subscribe to the AICPA Code of Conduct as most of the rules contained in the code were ignored. What follows is a case study examining the conduct of Friehling & Horowitz CPA’s P.C., the CPA firm that audited Bernard Madoff Investment Securities LLC, within the context of the AICPA Code of Professional Conduct. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author:Mill Creek Publishing LLC

Publication: February 2015
Updated: February 2018

Format
: PDF
Pages: 61

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  •  Describe the AICPA’s Code of  Professional Conduct
  • Describe the AICPA Joint Ethics Enforcement Program

Overall Rating: 5 Stars – Interesting case study describing a high profile case” – Anonymous 12/21/2018

Overall Rating: 4 stars: “Well-written and full of links to documentation for further study.”  Anonymous – 9/2018

“This was well done and interesting. It kept my attention and clearly explained the role and failures of the Madoff auditors. ” Anonymous 7/2/2018

Overall Course Rating: 4 Stars Jeff M. 7/2017

Overall Course Rating: 5 Stars – Anonymous 11/24/2017

Description: Course Description:
Bernard Madoff Investment Securities LLC was the source of the largest financial fraud in US history. Madoff perpetrated a simple Ponzi scheme whereby older investors were paid with newer investor funds, thus providing the impression of actual investment returns. The extent of the losses related to Madoff’s Ponzi scheme have been estimated at $50 – $65 billion.
Many are astounded to hear that Bernard Madoff Investment Securities LLC was audited by a CPA. Unfortunately, Madoff’s CPA apparently did not subscribe to the AICPA Code of Conduct as most of the rules contained in the code were ignored. What follows is a case study examining the conduct of Friehling & Horowitz CPA’s P.C., the CPA firm that audited Bernard Madoff Investment Securities LLC, within the context of the AICPA Code of Professional Conduct. Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

Author:Mill Creek Publishing LLC

Publication: February 2015
Updated: February 2018

Format
: PDF
Pages: 61

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  •  Describe the AICPA’s Code of  Professional Conduct
  • Describe the AICPA Joint Ethics Enforcement Program

Overall Rating: 5 Stars – Interesting case study describing a high profile case” – Anonymous 12/21/2018

Overall Rating: 4 stars: “Well-written and full of links to documentation for further study.”  Anonymous – 9/2018

“This was well done and interesting. It kept my attention and clearly explained the role and failures of the Madoff auditors. ” Anonymous 7/2/2018

Overall Course Rating: 4 Stars Jeff M. 7/2017

Overall Course Rating: 5 Stars – Anonymous 11/24/2017

  • “The author did a good job of setting forth the ethical standards contained in the California State Board of Public Accountancy Rules and the AICPA Code of Conduct.”

    - California Ethics Course

  • Thank you Patricia. I really love your courses. I learned so much about excel this weekend!”

    - Connie K.

  • Your ethics course was the most interesting and clear course I have taken. I usually dread the years it is required but this year was a pleasant surprise.

    - Terry