Accounting Ethics And Professional Regulations –

acc375

(3 credits)

This is an introductory course in ethics, providing a foundation in the nature of ethics, moral, legal, and social issues in the accounting and business environments. The course includes ethical reasoning, dealing with controversial issues, and the roles and responsibilities of accounting and auditing professionals. Topics will include a discussion of the AICPA Code of Professional Conduct and the Sarbanes-Oxley Act.

This undergraduate-level course is weeks. This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Advisor.

Understanding Ethics

  • Describe the moral, social and legal applications of ethics in business.
  • Identify major ethical philosophies.

Risks of Unethical Behavior in Business

  • Recognize common accounting fraud schemes, including check tampering, payroll schemes, and expense reimbursement schemes.
  • Identify the methods used to mitigate unethical behavior in the workplace.
  • Explain the motives behind unethical behavior.

Ethics in the Business Environment

  • Recognize the most common accounting fraud schemes, including skimming, cash larceny, and billing schemes.
  • Analyze the legal consequences associated with ethical choices.
  • Distinguish between ethical theory and business practices.

Ethics and the Accounting Profession

  • Examine current accounting regulations, specifically the Sarbanes-Oxley Act.
  • Describe the effect of the AICPA Code of Professional Conduct on the accounting profession.

  • Distinguish the differences among governing organizations, such as the Financial Accounting Standards Board (FASB), Securities and Exchange Commission (SEC), and Public Company Accounting Oversight Board (PCAOB).

Establishing Ethical Business Practices

  • Explain the ethical challenges presented in the different business cycles, including the revenue and collection, acquisition and expenditure, and production cycles.
  • Describe the relationship between an organization's ethical code of conduct and its reputation and culture.
  • Explain the role ethics plays in company goals.

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