Ethics for Minnesota CPAs

This course fulfills the ethics requirement for Minnesota CPAs across the full range of professional responsibility. It opens with an introduction to the study of ethics — its history, function, and role as a practical framework for decision-making — then examines the AICPA Code of Professional Conduct, including the Rules of Conduct applicable to members in public practice, members in business, and other members. It next covers Minnesota-specific authority, reviewing the state statutes and the Board of Accountancy’s administrative rules that govern practice. The final chapters address ethics for the tax professional and the AICPA’s Statements on Standards for Tax Services, helping Minnesota CPAs apply sound ethical judgment across both their accounting and tax engagements while meeting state regulatory obligations.

• To recognize the history and function of ethics
• To recognize the rules of the Code of Professional Conduct
• To recall the law as promulgated by the legislature
• To identify various rules issued by the Minnesota State Board of Accountancy to be followed by CPAs licensed in this state
• To identify the Internal Revenue Service Requirements as outlined in Circular 230
• To identify the CPA’s responsibilities according to the AICPA’s Statements on Standards for Tax Services