ACCT 650 - Accountant Responsibilities and Ethics

3 Credits
This course explores ethics and professional and legal responsibilities in the accounting profession. Students will obtain knowledge of various professional standards, and federal and state laws for the accounting profession. Various case studies allow students to investigate and analyze ethical situations and issues facing accountants on a daily basis. The course will incorporate AICPA, IMA and IIA codes of conduct.

Grade Note(s): A grade of C or better is required on the final assessment in order to earn a passing grade in this course.
Course Learning Outcomes:
1. Assess ethical situations as they apply to the accounting profession and decision-making on a day-to-day basis.
2. Apply knowledge of the AICPA, IMA, and IIA Codes of Conduct.
3. Assess implications of ethics and responsibilities in accounting, auditing, and tax practice.
4. Apply knowledge of state and regulatory bodies in regards to certification, licensing, and disciplinary regulations.
5. Synthesize and apply knowledge of legal responsibilities and liabilities based on common law liability to clients and third parties as well as federal statutory liability.
6. Explain the requirements of privileged communications and confidentiality.