The goal of this course is to help you prepare to pass the Professional Ethics Exam (PETH).It does this by reviewing the content and sample questions from prior PETH exams that may be expected to be prominently included in future exams. The course specifically addresses professional conduct including independence, integrity and objectivity within the AICPA Code of Ethics, taxpayer services within the AICPA SSTS, and various California Accountancy Act and Regulations. It gives special attention to independence because it has consistently been the most prominent topic tested in prior exams. Upon completion of this course you will be able to identify:

Major impairments to independence

The seven categories of impairment threats and when the threats have been reduced to acceptable levels

Taxpayer services that are considered ethical within IRS guidelines

Continuing education requirements for successful license renewal

How to protect the confidentiality of client information

Restrictions on client employment opportunity

Limitations on earning commissions and contingent fees

Requirements for accounting firm ownership

Rules for maintaining active and inactive CPA license status