Accountants’ Professional Responsibilities and Ethics

This course focuses on the ethical standards and professional responsibilities that guide accountants in their practice. This course explores key ethical frameworks, legal requirements, and professional codes of conduct, including those established by governing bodies such as the AICPA (American Institute of Certified Public Accountants). Students will examine real-world ethical dilemmas faced by accountants and learn how to navigate these challenges while maintaining integrity and transparency. Topics include conflicts of interest, financial reporting accuracy, fraud prevention, and the role of accountants in fostering ethical business practices.

Upon successful completion of this course, students will be able to:

• Understanding Ethical Frameworks and Professional Standards: Students will develop a deep understanding of ethical theories and frameworks that underpin the professional responsibilities of accountants, as well as the key professional standards set by bodies such as AICPA and IFAC.
• Identifying and Resolving Ethical Dilemmas: Learn how to recognize and address ethical dilemmas in accounting, such as conflicts of interest, pressure to manipulate financial reports, and issues related to confidentiality and transparency.
• Legal and Regulatory Compliance: Gain knowledge of legal obligations and regulatory frameworks that govern the accounting profession, including Sarbanes-Oxley, anti-fraud laws, and corporate governance requirements, ensuring compliance in practice.
• Fostering Ethical Practices in Business: Develop skills in promoting and implementing ethical accounting practices within organizations, ensuring accuracy in financial reporting, preventing fraud, and supporting a culture of integrity.

These outcomes are designed to equip students with the knowledge and ethical judgment required for professional accounting practice, preparing them for roles in financial management, auditing, and corporate governance while upholding the highest standards of ethical conduct.