Major Topics
Learning Objectives
- Explain the importance of ethical codes of conduct for organizations.
- Identify the key elements of a conflict of interest provision.
- Distinguish between ethical behavior and legal compliance.
- Identify the requirements of Sarbanes-Oxley Act (SOX) Section 406, Code of Ethics for Senior Financial Officers.
- Identify the purpose of the Foreign Corrupt Practices Act (FCPA) and the practices it prohibits
- Identify the three components of the Fraud Triangle model.
- Identify the appropriate course of action for management accountants to take when confronted with an ethical dilemma.
- Recognize how ethical issues such as manipulation of results, analysis, and budgets can develop.
- Explore the four standards of the Institute of Management Accountants (IMA) “Statement of Ethical Professional Practice”, competence, confidentiality, integrity, and credibility.
Course Description
This course provides an overview of ethical challenges and dilemmas that accountants in industry frequently face and provides strategies for dealing with those dilemmas.
The course draws on several real-world frauds to illustrate the “slippery slope” that often leads to fraudulent behavior. The course also covers the three elements of the “The Fraud Triangle”, providing insight into the conditions that can result in fraud.
This course covers the Professional Ethics material outlined in the content specification outline for the Certified Management Accountant (CMA) Part 2 examination.
Topics include: ethical considerations for accounting professionals, ethical dilemmas, examples of fraud, strategies for dealing with ethical dilemmas, the Fraud Triangle, differences between legal and ethical behavior, ethical aspects of the Foreign, Corrupt Practices Act (FCPA) and the Sarbanes-Oxley Act (SOX), ethical considerations for accounting organizations.
Compliance Information
Advanced Preparation
None
Field of Study
Behavioral Ethics
Credits
2 Credits
Published Date
April 24, 2024
Course Authors
Tom Coghlan
All of our self-study courses are NASBA approved (through our partners at K2 Enterprises) the revisions to the Statement on Standards for Continuing Professional Education (CPE) Programs (Standards).
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- Course materials (video & PDF version)
- Unlimited attempts to complete exam
- Course materials (PDF & Sample Materials)
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