Ohio CPE Ethics

Publisher
WiseGuides, Inc.
2796 Greenspire Ln
Akron, Oh 44333
Copyright © 2010

Field of Study: Ethics
Level: Basic
Recommended CPE Credit 3 hours
Prerequisites: None
Advanced Preparation: None
Type of Delivery: Self-Study
Expiration: Course expires 1 year after purchase
Course Update: March, 2009
Accreditation: NASBA, IRS, CTEC, OTPB
Guarantee/Complaint Resolution

Course Outline


Lesson 1 - Ethics: Statutes (Ohio Revised Code)
Learning Objectives 1
Overview
Sec. 4701.12. False Advertising. Definition
Sec. 4701.14. Unlawful Practice Substantial Equivalency
Unlawful Practice Defined (A) - Sec. 4701.14
Unlawful Practice Substantial Equivalency (B) - Sec. 4701.14
Unlawful Practice Substantial Equivalency Partnership Organization(C)
Partnerships Section 4701.14
Professional Association Section 4701.14
Corporation-for-profit Section 4701.14
Limited Liability Company Section 4701.14
Unlawful Practice (D) - Sec. 4701.14
Unlawful Practice (E) - Sec. 4701.14
Unlawful Practice (F) - Sec. 4701.14
Unlawful Practice (G) Sec. 4701.14
Unlawful Practice (H) - Sec. 4701.14
Unlawful Practice, (I) - Sec. 4701.14
Sec. 4701.15. Employees Of Public Accountants - Incidental Practice
Sec. 4701.16. Discipline Of Registrant Or Certificate Holder
Sec. 4701.17. Reissue Of Revoked Certificate
Sec. 4701.18. Injunctions Or Restraining Orders
Sec. 4701.19. Records
Sec. 4701.28. Certificate Or Permit Holders In Default On Child Support Orders
Sec. 4701.29. Board Investigations


Lesson 2 - Ethics: Technical Standards
Learning Objectives 2
Rule 4701-7-04: Practice of Public Accounting
Rule 4701-9-01: Integrity and Objectivity
Rule 4701-9-02: General Standards
Rule 4701-9-03: Generally Accepted Auditing Standards
Rule 4701-9-04: Generally Accepted Accounting Principles
Rule 4701-9-05: Attestation Standards
Rule 4701-9-06: Accounting and Review Services Standards
Rule 4701-9-08: Consulting Standards
Rule 4701-9-09: Tax Services Standards
Rule 4701-9-10: Quality Control Standards


Lesson 3 - Ethics: Behavioral Standards
Learning Objectives 3
Independence
Confidential Client Information
Contingent Fees
Commissions and Referral Fees
Form of Practice and Name
Retention of Client Records
Board Communications
Incompatible Occupations
Acts Discreditable
Application of Ethics Rules


Lesson 4 - Continuing Education Standards
Learning Objectives 4
Rule 4701-15-01: Continuing Education Standards
Rule 5-02: Continuing Education Requirement
Rule 4701-15-03: Controls and Reporting
Rule 4701-15-04: Measurement of Continuing Education Credit
Rule 4701-15-05: Requirements for Continuing Education Program Acceptance
Rule 4701-15-06: Reduction of Continuing Education Requirement
Rule 4701-15-07: Continuing Education Deficiency
Rule 4701-15-08: Deficiency Status
Rule 4701-15-09: Return or Entering Ohio Permit Status
Rule 4701-15-10: Continuing Education Sponsor Registration
Rule 4701-15-11: Required Continuing Education Programs
Rule 4701-15-12: Continuing Education Verification
Rule 4701-15-13: Continuing Education Requirements of Non CPA Owners


Lesson 5 - Frequently Asked Questions
Learning Objectives 5
Frequently Asked Questions


Lesson 6 - Board of Accountancy Enforcement Actions
Learning Objectives 6
Disciplinary Hearings Held by Accountancy Board: 1990-present
How to Lose Your License


Lesson 7 - AICPA Code of Professional Ethics
Learning Objectives 7
AICPA Code of Conduct - Overview
Interpretations of Rules of Conduct and Ethical Rulings
Applicability of Rules
Article I - Responsibilities
Discussion on Responsibilities
Article II - Public Interest
Discussion on Public Interest
Article III - Integrity
Discussion on Integrity
Article IV - Objectivity and Independence
Discussion on Objectivity and Independence
Article V - Due Care
Discussion on Due Care
Article VI - Scope and Nature of Services
Discussion on Scope and Nature of Services

Course Objectives

Lesson - 1
After studying this lesson you will be able to:
  • Know when to use the abbreviation "CPA" in a partnership.
  • Know the types of sanctions the accountancy board may impose on a person holding an Ohio permit.
  • Determine how client records in the possession of the accountant should be handled.
Lesson - 2
After studying this chapter you will be able to:
  • Outline the professional ethics and conduct for Ohio CPAs.
  • Summarize the ethical concepts promulgated in the Code of Professional Conduct.
Lesson - 3
After studying this chapter you will be able to:
  • Determine when a permit holder may practice public accounting for a contingent fee.
  • Understand which acts would be determined by the Ohio Board of Accountancy as conduct discreditable to the accounting profession.
Lesson - 4
After studying this chapter you will be able to:
  • Determine how many hours of CPE are required each triennial reporting period.
  • Compute the requirements for continuing education program acceptance.
  • Determine which types of continuing education programs need to be completed based on areas of practice.
Lesson - 5
After studying this chapter you will be able to:
  • Understand the requirements for the ethics CPE standards.
Lesson - 6
After studying this chapter you will be able to:
  • Determine discipline assigned by the Accountancy Board based on code violations.
  • List 10 ways to lose your license.
Lesson - 7
After studying this chapter you will be able to:
  • Briefly describe the six principles the AICPA’ Code of Professional Conduct.
  • Define the meaning of integrity.
  • Determine which client services requires independence.