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.
To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.
Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.
Note: This class fulfills the State Board’s 3-hour ethics requirement for 2020.
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 Speaker
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.