1. The Importance of ETHICS In the Profession

2. REMEMBER THE DEFINITION OF A CPA? TRUSTED financial ADVISOR who helps individuals, businesses, and other organizations plan and reach their financial goals

3. CPAs are NOT Magicians!

4. WHEN ACCOUNTA NTS TRY TO BE MAGICIANS …

6. Effective Communicator Rational Thinker Tech Savvy Knowledgeable Ethical An active learner Socially Aware CHARACTERISTICS OF A PROFESSIONAL

8. 1.Utilitarianism 2.Rights & Duties 3.Justice 4.Virtues Ethical Schools of thought:

9. ETHICS CODES IN ACCOUNTING Principlesvs.Standards

11. DEFINE FORENSICS: COMES FROM THE LATIN ROOT WORD “FORENIS” WHICH MEANS THE APPLICATION OF A BODY OF KNOWLEDGE TO ANY SUBJECT.

12. What is Forensic Accounting?

13. Defendant: Widget maker Plaintiff: Widget buyer Contract States: -For quality widgets -100,000 pieces -1 st of every month -At $1 each

14. Each time you are sworn in, you are putting your CPA license on the line.

15. Fraud is an intentional deception, misappropriation of a company’s assets, or manipulation of its financial data to advantage of perpetrator.

16. Solution??? Investigate Motives for Unethical Practice Administer Effective Ethical and Internal Controls

17. Low High Ethical Motives for Unethical Behavior Motives for Unethical Behavior HighLow High Low Opportunities Situational Pressures Personal Characteristics (Integrity) Unethical

18. Questions?