2023 Taking a Global View of Professional Ethics

Overview

Just as there is some convergence of U.S. accounting standards (GAAP) with international standards (IFRS), a convergence of U.S. professional ethics standards (AICPA Code of Professional Conduct) with the international Code of Ethics for Professional Accountants is continuing to emerge. This workshop compares these two sets of ethics standards, emphasizing both the theoretical aspects and practical implications for today's accounting professionals.

Prerequisites

None

Objectives

• Identify the general components and objectives of professional ethics for CPAs.
• Compare the ethical principles and conceptual frameworks  articulated in the AICPA Code of Professional Conduct with those of the IESBA Code of Ethics for Professional Accountants
• Analyze a real world case in light of AICPA and IESBA codes.

Highlights

• What is “Ethics”?
  • Interaction between Law and Ethics
• Principles and Best Practices:
  • AICPA Code of Professional Conduct
  • IESBA Code of Ethics for Professional Accountants
• Case Study: Ardent Harmony Fund v. BDO Trinity