IMPORTANT: On-demand participants will be required to take a test and correctly answer 90% of the questions at the conclusion of the course to earn credit. If you do not score at least 90% on the first try, you will be allowed a second attempt. If you do not pass after two attempts, you will need to re-take the course.
The State Board is requiring all Louisiana-licensed CPAs to get 3 CPE hours of professional ethics training in 2020. This course has been approved by the State Board and emphasizes the rules and interpretations that are specific to MEMBERS IN BUSINESS & INDUSTRY.
Note: If you’re looking for an ethics course designed for CPAs in public practice, click here.
See below for complete course description.
Developed and delivered by award-winning instructors Mike Inzina and Kurt Oestriecher, this course will fulfill the State Board’s 3-hour ethics requirement for 2020.
We will first focus on the Rules of the State Board of CPAs of Louisiana (from Chapter 17 of the Rules of the State Board):
- General rules applicable to licensees
- Other responsibilities and practices of licensees
- Any recent changes to the Rules and relevant laws and regulations
The remaining content will address Section 2 (Members in Business) of the AICPA Code of Professional Conduct, providing an overview of the online Code, as well as its structure and application, the Principles of Professional Conduct, and definitions.
The course will include a comprehensive discussion on the format and use of the Conceptual Framework for members in business, including identification of the various types of threats to compliance with the Rules, the use of safeguards to eliminate or reduce identified threats, as well as suggested documentation of the licensees’ application of the process. Each category of threats will be discussed, including examples of threats to all rules of conduct with suggested safeguards that can be applied.
The remainder of the materials will address each of the Rules of Conduct applicable to members in business in turn, with a discussion of each of the Interpretations relative to each rule. It is expected that the largest portion of the discussion will focus on the Integrity and Objectivity Rule, as it constitutes a substantial portion of Section 2 of the Code of Professional Conduct, with special attention devoted to areas that may be troublesome, such as the Conflicts of Interest interpretation, and the importance of recognizing potential conflicts, Gifts and Entertainment interpretation, Knowing Misrepresentation in the Preparation and Presentation of Information interpretation, Subordination of Judgment interpretation, Obligation of a Member to His or Her External Accountant interpretation, and Pressure to Breach the Rules interpretation.
Likewise, the Acts Discreditable Rule and its Interpretations will consume an appropriate amount of time and material, since many of the rules otherwise applicable to members in public practice are interpreted under this rule for members in business. Special attention will be devoted to the interpretations covering Negligence in the Preparation of Financial Statements or Records, and Confidential Information Obtained from Employment or Volunteer Activities.
A general discussion of the less complex rules and their interpretations for members in business include:
- General Standards Rule
- Compliance with Standards Rule
- Accounting Principles Rule
Case studies and illustrative examples will be provided throughout the materials to enable licensees to understand how the rules are applied to real-life circumstances. In addition, you can expect the instructors to provide anecdotal illustrations from their experience.
Meet the Speakers
J. Michael Inzina, CPA, CGFM, CGMA
J. Michael Inzina is a native of Monroe, Louisiana. He has over forty years in public practice experience, concentrated in governments and nonprofit organizations. Mike holds a BBA in accounting from the University of Louisiana (Monroe), where he graduated summa cum laude in May 1976. He is a member of the American Institute of CPAs, the Society of Louisiana CPAs, the Association of Government Accountants and the GFOA, and he earned the CEA in governmental in 1990. He was awarded the Certified Government Financial Manager (CGFM) designation in 1996 and the Certified Global Management Accountant (CGMA) designation in 2012.
At the state level, Mike is a past chapter president and member of the Society of Louisiana CPAs Board of Directors and served two terms as chairman of the Governmental Positive Enforcement Program of the Louisiana State Board of CPAs. He has served on numerous committees of the Society of Louisiana CPAs and presently is a member of its Ethics committee.
Nationally, Mike has twice served as a member of the AICPA Professional Ethics Executive Committee (1986-1989, and 2000-2003) and served as a member of the AICPA Auditing Standards Board from 1997 to 2000. From 1986 to 1993, he served as a member of AICPA Independence and Behavioral Standards Subcommittee and was Subgroup Chairman of the Governmental Technical Standards Committee. During this time, he conducted numerous investigations of complaints filed by federal, state, and local agencies alleging substandard performance of audits of governmental and nonprofit entities and represented the Professional Ethics Division at hearings of the Joint Regional Trial Board. Mike was a member of the GASB Service Efforts and Accomplishments Task Force.
He contributed to the GASB Statement 34 Implementation Guide, AICPA Statement of Position 98-3, the industry audit and accounting guide Audits of State and Local Governmental Units, the AICPA Practice Aid to SAS 99 (fraud) and assisted in revisions to the Louisiana Governmental Audit Guide, and the drafting of state legislation, affecting governmental accounting and auditing requirements. He has served as technical consultant and instructor for the Louisiana Division of Administration (Office of Community Development) and as consultant to the Louisiana Department of Education. Mike frequently appears as moderator and panelist on the Accountants CPE Network (ACPEN).
In over thirty years as an author and discussion leader, Mike has been named twelve times as an Outstanding Discussion Leader by the American Institute of CPAs and the Louisiana, South Carolina, and West Virginia state societies. He received a Special Recognition Award from the Society of Louisiana CPAs Board of Directors for his contributions to continuing education in 1994 and was awarded the 2001 National Education and Training Award from the Association of Government Accountants. He was named winner of the national Beta Alpha Psi 2009 Business Information Professional of the Year award and the 2016 Distinguished Service Award by the Society of Louisiana CPAs.
Mike now resides in his hometown of Monroe, Louisiana. He has three children and 3 grandchildren and one great-grandchild.
Kurt Oestriecher, CPA
Kurt G. Oestriecher, CPA, is a partner with Oestriecher & Company, CPAs of Alexandria, Louisiana and has been with the firm since graduating from The University of Louisiana in 1986 with a BBA in Accounting. He is partner in charge of accounting and auditing services and is also involved in litigation support and small business consulting engagements.
He is a member of the American Institute of Certified Public Accountants (AICPA) and the Society of Louisiana Certified Public Accountants (LCPA) and served as President of the LCPA in 2002–2003. He is currently chair of the LCPA Professional Ethics Committee. Previously, he has chaired the Louisiana Accounting and Auditing Conference Committee, Strategic Planning Committee, Budget Committee, and Nominating Committee.
Kurt served a four-year term on the Accounting and Review Services Committee of the AICPA from 2000-2004 and a six-year term on the AICPA Joint Trial Board from 2005-2011. He also served a three-year term as an elected member of AICPA Council and a one-year term as Louisiana’s dedicated Council member.
Kurt was the recipient of the 1998, 2006, 2010, and 2018 Outstanding CPE Discussion Leader Award from the LCPA and was named the Outstanding CPE Discussion Leader for the AICPA for the past 12 consecutive years. He has authored many educational courses on accounting and auditing topics, including the AICPA “Annual Update for Accountants and Auditors.” He has also served as an Adjunct Instructor of Accounting at LSUA and Northwestern State University.