State Specific NM Ethics

This is an ethics course covering standards of professional conduct and business practices adhered to by accountants, such as CPAs, in order to enhance their profession and maximize idealism, justice, and fairness when dealing with the public, clients, and other members of their profession. It also presents an approach-the threats and safeguards approach-to coping with ethical dilemmas. The Sarbanes-Oxley Act and its impact on business ethics, new internal control requirements, and the CPA's responsibilities are summarized. Finally, a brief discussion of the AICPA's Standards for Tax Service and the IMA's Statement of Ethical Professional Practice are included.

Objectives

Participants will be able to:

• Recognize ethical reasoning used by accountants
• Identify different principles and rules of the AICPA Code of Professional Conduct
• Identify independence and objectivity issues
• Recognize ethical standards and violations
• Identify the key issues of corporate responsibility law (Sarbanes-Oxley act) that influence auditor independence
• Identify licensing and disciplinary mechanisms within the profession
• Identify the ethical standards required of accountants and financial professionals by the Institute of Management Accountants (IMA)

Credits

Leaders

• Kenneth Heaslip

  Kenneth Heaslip, licensed as a CPA in New Jersey, has extensive experience teaching all levels of accounting, auditing, and in other practice-related areas. He is an active member of the NJCPA, where he has served in positions such as Vice President, Trustee Chapter President, Committee Chair, and Task Force Chair. Kenn currently serves on the NJCPA Professional Conduct Committee and is a Director at Cullari Carrico LLC, a regional CPA firm in Northern New Jersey.

  Kenn has been a Professor of Accounting at several universities including Seton Hall, where he was the students' choice as "Educator of the Year" two years in a row, and in the Executive MBA program at Rutgers University. In addition, he was the National Director of the Becker CPA Review. Kenn earned his BA from Rutgers University and has an MS in Taxation and MBA in Finance from Seton Hall University

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