This course explores ethics and professional responsibility in the accounting profession. Students investigate and analyze case studies regarding ethical situations and issues confronted by the accounting profession.
Course Sequence Note: Because fundamental concepts are covered in Accountants' Professional Responsibilities: Professional Conduct (ECON X430.32), it is highly recommended that students take ECON X430.32 before taking Accountants' Professional Responsibilities: Regulatory Obligations (ECON X430.33).
After completing the course students will be able to:
- Define an integrated framework built on ethical reasoning based upon the AICPA Code of Professional Conduct, IMA Statement of Ethical Professional Practice, and IIA Code of Ethics
- Highlight the importance of adhering to generally accepted accounting principles (GAAP) and generally accepted auditing standards (GAAS), including auditors’ responsibility for fraud
- Examine the elements of the financial reporting system that dictate whether ethical decisions will be made in business and accounting
Applies Towards the Following Certificates
- Strategic Business : Core Courses