Category Archives: Certified Public Accounting License
Ethical Responsibilities Of CPAs
Licensed professionals need to abide by ethical guidelines. This is especially true for financial professionals such as certified public accountants (CPAs). CPAs serve as trusted financial advisors to help individuals and businesses with taxes, bookkeeping, financial planning, mergers, and other activities involving money. They may work for small businesses, government agencies, and large billion-dollar… Read More »
Importance Of Accounting Ethics
When it comes to numbers, accuracy is key. There is no guessing or making up data. This is especially true in the accounting industry. As a certified public accountant, you need to ensure that you accurately present a business. This requires ethics and honesty, which is easier said than done. Sometimes accountants are pressured… Read More »
Ethical Issues Involving LGBTQIA Employees In The CPA Field
In some industries, licensed professionals are unethical when dealing with clients, causing them to lose their licenses. However, in some fields, the professionals are disrespectful when dealing with their own colleagues. While sexual orientation has been a hot topic for decades, many people still have negative opinions about it. This can create a lot… Read More »
How The Child Tax Credit Is Causing Confusion For CPAs, Taxpayers
Most Americans have happily accepted the stimulus checks from the government. Many have received thousands of dollars as they navigate life while dealing with the COVID-19 pandemic. The nice thing about these stimulus checks is that they do not need to be paid back. The advance child tax credit, however, is a different story…. Read More »
Common Ethical Dilemmas As A CPA
Many licensed professionals are caught in uncomfortable situations, and CPAs are no exception. CPAs are often called upon to assist in tax preparation and other money matters. Some of these events, however, can lead to complexities and ethical dilemmas. Should a CPA work with a specific person or company? Is it worth the risk?… Read More »
CPA Faces Prison Sentence for Fraud
Accountants work with money and, as such, they face ethical issues on a regular basis. Many clients may want them to fudge numbers and do other unethical things so they can pay less in taxes. This is considered fraud and it is illegal. A CPA convicted of fraud can face a variety of penalties,… Read More »
Accounting Ethics More Important Than Ever During COVID-19
COVID-19 has wreaked havoc on the United States. Hundreds of thousands of people are getting sick and dying from the deadly virus. States have forced residents to quarantine, shutting down businesses and laying off millions of Americans. In April, there was some relief for struggling businesses. Small businesses who struggled to pay employees and… Read More »
CPA’s License Suspended for Unlawful Use
When a person or company hires a certified public accountant (CPA), they want someone they can trust. After all, an accountant deals with finances, and money is a touchy and private subject for most people. The public doesn’t want someone who will be dishonest with their money or not take their privacy seriously. CPAs,… Read More »
CPAs Facing Ethical Challenges Due to PPP
The coronavirus pandemic has brought about economic issues for the whole country. Individuals and businesses alike have been struggling to pay bills. Adults received stimulus checks to help with necessities. To pay for business expenses, small businesses and non-profit organizations were given the opportunity to apply for a loan through the Paycheck Protection Program… Read More »
No CPA Ethics Exam Required in Florida
To become a certified public accountant (CPA), a test is required. Every state’s testing process and requirements are different. Some require U.S. citizenship and state residency, while others do not. Some require more education than others. The exam typically consists of multiple sections. Most states even require applicants to pass an ethics exam. Florida,… Read More »
