- NY Credits : 2.0
- TX Credits : 2.0
Accountants frequently encounter ethical issues regardless of the industry and must remain continually vigilant to reduce the chances of outside forces manipulating financial records, which could lead to both ethical and criminal violations. This course emphasizes the importance of protecting the interests of the public and investors along with what happens when such professional standards are ignored and/or violated.
Upon successful completion of this course, the user should be able to:
explain the importance of protecting the interests of the public and investors,
describe the two parts of the AICPA Code of Professional Conduct,
discuss the role of integrity in ethical decision making,
discuss how the Financial Crimes Enforcement Network (FinCEN) is operated by the U.S. Treasury,
describe the three concepts of placement, layering, and integration in money laundering schemes,
describe how identity thieves may look for ways to use a taxpayer's identity to perpetuate fraud schemes,
discuss signals to watch for when dealing with unscrupulous tax return preparers,
describe at least three methods of abusing deductions relating to charitable contributions,
discuss how accountants and CPAs can be considered gatekeepers of a financial system, and
explain how accountants and CPAs are not considered financial institutions under the Bank Secrecy Act.