Seminar

SIMULCAST - Delaware Ethics for CPAs & Fraud Basics: Protecting the Company Till

  • Tuesday, May 12, 2020

    8:30am – 4:30pm
    (Registration: 8:00am)
  • 8
    CREDITS
    Auditing, Delaware Ethics

Simulcasting allows us to bring the instructor LIVE to your electronic device.  During the course, you will be able to see the same instructor and the presentation in real time and ask questions during the seminar.

Delaware Ethics for CPAs (Morning Session)

Professional conduct and ethical behavior are really the backbone of the entire accounting and auditing profession. These components form the foundation upon which our creditability with the general public is built, without which, there is no profession. Whether you are a practitioner in public accounting or business and industry, you must always act in accordance with the requirements that define professional conduct and ethical behavior. This course has been updated for the current Delaware reporting period, is approved by the Delaware Board of Accountancy and fulfills the requirement that as part of the biennial license renewal process, all Delaware accountancy permit holders are required to complete a four credit hours Delaware-specific ethics course approved by the Board in order to renew their permits. This course includes a detailed review of professional and ethical conduct requirements specifically applicable to Delaware CPAs; an overview of the core principles of professional conduct -- integrity, objectivity, and independence; the AICPA Code of Professional Conduct; and a brief look at the principles and concepts that form the foundation of ethical behavior. The primary objective of this course is to provide a formal program of learning that contributes directly to the professional competence of Delaware accountancy permit holders.

Fraud Basics: Protecting the Company Till (Afternoon Session)

Our focus is to reduce the overall risk of fraud. To that end, this course focuses on what factors contribute to turning honest employees into schemers. Discussion will include integrity and ethics, as well as how people may react in certain situations. We also explore the darknet and cryptocurrency fraud.

Objectives

  • Understand and apply the professional and ethical conduct requirements specifically applicable to Delaware CPAs, including updates to the Delaware Licensure Law
  • Review the core principles of professional conduct -- integrity, objectivity, and independence
  • Be familiar with the AICPA Code of Professional Conduct
  • Be familiar with the principles and concepts which form the foundation of ethical behavior
  • Understand the prevalence of fraud 
  • Realize how organizations may cause fraud without realizing it 
  • Comprehend the cost of fraud 
  • See how the new COSO Framework for Internal Control focuses on fraud 
  • Understand that there are many layers in fraud defense 


 

Highlights

  • Professional and ethical conduct requirements specifically applicable to Delaware CPAs, including updates to the Delaware Licensure Law 
  • The core principles of professional conduct -- integrity, objectivity, and independence
  • The AICPA Code of Professional Conduct
  • Principles and concepts which form the foundation of ethical behavior
  • Fraud's cost: ACFE's Report to the Nations; Ancillary costs 
  • Current economy: Microeconomics; Analyses 
  • COSO's Internal Control Framework: Principle #1 - Integrity/Ethics; Principle #8 - Fraud Risk Assessment 
  • Power of morale: Shrink the fraud triangle; Motivation 
  • Why good folks go bad: What studies indicate; Five interesting findings; Red flags 
  • The Dark Web


 

Additional Information

Designed For

All CPAs who need to meet the Delaware ethics requirement and CPAs in public practice and industry who wish to educate clients or colleagues on how to better prevent fraud from occurring at the source

Vendor

Surgent

Advanced Preparation

None

Credits

4.00 Auditing

4.00 Delaware Ethics

Prerequisite

None

Instructor

Charles Borek

Course Number

20ETDE05/S

Level of Knowledge

Basic

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