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CPE Self-Study

Real-World Business Ethics

  • $179.00-$229.00
    Real-World Business Ethics Online Access Product #: 164960
    AICPA Member: $179.00
    Non-Member: $229.00

Requirements for CPE in ethics vary from state to state. Please contact your state board to confirm your requirements.

Ethical lapses are often caused by misunderstandings, inattention, or a lack of knowledge. In this CPE course, learn how you can be proactive and adopt policies and procedures that minimize risk. You will also learn about common pitfalls and how to avoid them and examine case studies based on actual litigation and administrative proceedings that involve CPAs in public practice and in industry. You'll discuss issues involved in real-life proceedings. Develop a keen awareness of the issues and a heightened sensitivity for the types of ethical dilemmas you could face in the future.

Learning Objectives

This course will prepare you to:

  • Identify common accounting, auditing, and regulatory issues related to revenue recognition
  • Identify how management integrity issues play directly into audit scope and procedures used by forensic investigators
  • Recognize valuation risks associated with certain types of investment securities, and the complexities of establishing proper valuation procedures
  • Identify procedures for investigating and reporting financial irregularities when faced with corporate crisis, such as insider trading
  • Recognize the relationship between responsibilities of the audit and the audit committee, with regard to whistleblower programs
  • Identify the ethical obligations of CPA tax professionals under the Standards for Tax Services

Key Topics

  • Analysis of ethical requirements and considerations
  • Fact patterns from situations faced by CPAs in public practice
  • Special ethical issues in select reporting and disclosure areas: off-balance sheet financing, related party transactions, revenue recognition, materiality, loan and lease loss reserves, restructuring charges, and independence
  • Key Issues in civil and regulatory actions
  • Effect of changes in disciplinary procedures and oversight
  • SEC enforcement proceedings and their implications

Who Will Benefit?

  • CPAs in public practice who provide financial accounting and reporting services
  • CPAs in public practice who audit both private and publicly held companies

Prerequisite: None

Advance Preparation: None

System Requirements

About the Authors

Robert Walter, J.D.

Denver, Colorado

Bob Walter has for over 15 years served as an instructor for AICPA in the U.S. and internationally, and leads classes on topics including fraud, business law, big data, employment law, finance, securities (SEC and PCAOB matters), ethics, internal controls, and independence. In 2013, 2014 and 2015, Bob received the Outstanding Discussion Leader award from AICPA. This award, based on ratings of CPA class participants, placed him among the top 10% of AICPA CPE instructors nationally. Bob loves to teach and believes that adding value for class participants is not a duty, but a joy!

Bob has authored seven 8-hour continuing education courses for AICPA, including Employment Law Update: Key Risks and Recent Trends (March 2016); Advanced Business Law for CPA's (July 2013 and updated annually), Tough Economic Times, Current Issues, and Critical Ethical Judgments (May 2009), AICPA's Annual Business Law Update (May 2005), Real World Business Ethics: How Will You React? (May 2003 and updated annually), AICPA's Guide to Financing the Small Business: Sources, Strategies and Disclosures (May 2002), and Public Reporting Responsibilities: Putting Your Best Foot Forward (Sept. 2000). Since 2002, Mr. Walter has authored six books on these and related topics published by AICPA, Commerce Clearing House, Barron's Business Library, and Aspen Publishers.

Since 2011, Bob also has served as a senior instructor for IASeminars of London, England, teaching CPE courses for CPAs, Chartered Accountants, and financial officers in London, Geneva, and Toronto. Bob has authored four multi-day CPE courses for IASeminars, including Detecting and Investigating Financial Statement Fraud, SEC Reporting for International Companies, Management's Discussion and Analysis: A Workshop, and SEC Reporting for Canadian Companies. Bob is currently preparing three additional multi-day CPE courses for IASeminars, including a course on detecting and investigating corruption and bribery.

Bob has over 30 years' experience as counsel representing corporate clients and investment banking firms in a wide variety of public and private financing transactions. Recently, his practice has expanded to include representation of whistleblowers in referrals to the Securities and Exchange Commission, and he now represents whistleblowers in five separate SEC referrals. He also represents public and private companies in business combinations, asset sales, and change of control transactions, and conducts internal investigations on behalf of audit committees.

In 2004 and 2005, Bob was appointed by the Public Company Accounting Oversight Board (PCAOB) to a two year term as a member of its Standing Advisory Group. Bob holds a B.S. degree in business from Colorado State University and a Juris Doctor degree from the Duke University School of Law. Mr. Walter is a member of the Colorado Bar and the District of Columbia Bar, and is admitted before a variety of Federal and State Courts, including the U.S. Supreme Court.



Robert Walters, Esq., JD



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.