The University of Texas at Dallas AIM 6335 – Ethics for Professional Accountants Fall 2005 (8-week course) Instructors: Instructors:
Charles Solcher JD, CPA CPA Amy Troutm Troutman an MS Accounti Accounting ng Martin Stewart JD
Office: SOM Office: SOM 4.810 Office: SOM Office: SOM 4.419 Office: SOM 4.224
Office Phone: Phone:
972-883-6347 972-883-6347 972-883-6719 972-883-671 9 214-965-5137 214-965-513 7
For class related matters, use WebCt.
(Charles Solcher) (Amy Troutman) (Martin Stewart)
For non-class related matters, please use [email protected] [email protected] [email protected] [email protected] [email protected] [email protected]
Course Objectives Objective s Use of Critical Thinking: Thinking: Understand and apply ethical concepts that influence the lives and decisions of accountants on a day-to-day basis. bas is. The course will concentrate on ethics and professional responsibilities for accounting account ing professionals. professionals. The course focuses on:
• • •
Ethical concepts concep ts and expectations expectations Approaches to ethical decision dec ision making Texas Administrative Code: Rules of Profess Professional ional Conduct AICPA Professional Standards: Code of Professional Conduct Legal responsibilities responsibilit ies and liabilities liabilitie s under common law to clients and third parties Ethics and responsibilities responsibil ities in tax practice Sarbanes-Oxley Act of 2002 Licensing and disciplinary systems imposed on CPAs
Enhancement of Communication Skills: Skills: By online participation and discussion, students’ communication skills will be improved.
Grading System Two Tests (100 points) Class Participation
Maximum Points Points 200 100
Ethics Journal Final Examination Total Points
50 100 450
Tests: Each test will be comprised of 15 true/false and 15 multiple-choice questions of equal value. Each test will be given through WebCT. Class Participation: At the beginning of the semester, students will be assigned to discussion discussion groups groups in WebCT. During the semester, there will be six ethical topics (denoted in course calendar) for which students are required to submit a posting or response to a posting in their assigned discussion group. Grading will be based on both quality and frequency of responses. Ethics Journal: Your effort in this course will result in knowledge that may change your beliefs and/or and /or behavior. As such, you you will be required to keep a personal ethics journal during the duration of the semester. It should be a Word document with weekly entries. A typical week’s entry may include personal analysis of materials discussed in class, ethical dilemmas encountered and implications of those encounters, and consequences of conclusions. You will turn turn in your journal, via WebCT email, before the final examination on 10/7/05. 10/7/05. Final Examination: The final examination will be comprised of true/false and multiple-choice questions. questions . The final examination will be proctored. proctored. An oncampus class exam session is scheduled on Friday, October 7th from 5:306:45pm Room TBA under TBA under the supervision of the instructor. Students who are not able to attend this exam session with the instructor can arrange an individually proctored exam with a testing service of their choice at any date within this required exam time window: 10/3/05-10/7/05 10/3/05-10/7/05.. For local students, a testing service is available at the UTD Learning Resources Center. Students who find UTD geographically inconvenient may use a testing service at a convenient location to have the exam proctored. All individually arranged proctored exams must be completed within the required exam time window. Students using either the UTD testing service or an outside testing service are required to inform the instructor and the Global MBA Online office ([email protected] [email protected]
). ). Students must complete a proctored exam form and send back to GMBA Office before 9/15/05 9/15/05.. Please go to the Proctored Exam Information page Information page at: http://som.utdallas.edu/globalmba/gmba_proc_exam_info.htm to download the the Proctored Exam Form and Form and to find all the detailed information on arranging a
proctored exam. All completed exams must be received by 10/7/05 10/7/05 to to allow timely grade reporting to the UTD Registrar. The GMBA Office requests that all students who need to use testing services strictly follow the proctored exam scheduling deadlines deadlines.. If a student fails to submit his/her exam form on time, he/she will have to come to campus to attend the scheduled class exam session or seek approval from the course instructor for any special arrangements. Course Materials 1. Required Material: Leonard J. Brooks, Business and Professional Ethics for Directors, Executives and Accountants (Thomson Southwestern, 3rd Ed., 2004). ISBN: 0-324-20066-8. 0-324-20066-8. 2.
Recommended readings and reference material: Texas Administrative Code, Title 22, Part 22, Chapter 501 - Rules of Professional Conduct Conduct AICPA Professio Professional nal Standards: Standards: Code of of Professional Professional Conduct and Bylaws AICPA Statem Statements ents on Auditi Auditing ng Standards Standards dealing dealing explicitl explicitly y with training and proficiency, independence and due care AICPA Statement Statement on Standards Standards for for Tax Service Service Pronouncements from The Public Company Accounting Oversight Board and the SEC Sarbanes-Oxley Act of 2002
Textbook can be ordered online through MBS Direct Virtual Bookstore or Bookstore or Off-Campus Books web ordering site. site. It is also available at UTD Bookstore and Off-Campus Books. An E-book (electron (electronic ic version of the textbook) textbook) can be p purchased urchased directly from th the e publisher at http://custom.thomsonlearning.com/OLC/eBook/ .
Technical Requirements In addition to a confident level of computer and Internet literacy, certain minimum technical requirement must be met to enable a successful learning experience. Technical requirements include but are not limited to: Hardware A Pentium processor or equivalent Mac system; system ; Windows 98/Me/2000/XP or Mac OS 9.x or OS X 10.1. Internet access with 56.6 modem (minimum). (minimum). A high-bandwidth connection is recommended. 32 MB system Ram; 200 MB free disk space or sufficient storage Sound card CD-ROM capabilities •
Software Internet Explorer 5.0 to 6.0 (but 5.5 SP1 not supported), or Netscape Navigator 6.2.x (see (see notes) notes ) and 7.0 (4.78, 4.79 and 6.0-6.1 not supported), or AOL 7.0 and 8.0. See browser configuration information below. below. MS Office 2000 is the minimum standard. (Microsoft software is available at a nominal cost from the UTD/Microsoft Program. For more information, visit the Global MBA Online Student Service web page at: •
http://som.utdallas.edu/globalmba/gmba_online_services.htm ). Virus detection/protection detection/protecti on software (such as McAfee) McAfee) “Plug-ins” including the most current version of RealPlayer (http://www.real.com ), Java – Sun Microsystems (http://www.java.com (http://www.java.com)) and Adobe Acrobat Reader (http://www.adobe.com/products/acrobat/readstep2.html ) A zip file expansion tool such as WinZip or Stuffit Expander (available at: http://www.download.com ). ).
Course Access and Navigation This course was developed using a web course tool called WebCT. It is to be delivered entirely online. You will be notified by email about the course access information at the start of the course. You’ll need to have a UTD NetID and password to access the course. If you have not set up a UTD NetID account yet, please go to the UTD NetID page at http://netid.utdallas.edu to initiate your account shortly before or at the start of the semester . Your UTD NetID is your WebCT ID. It is to be used to access all of your UTD WebCT courses plus other UTD computing systems e.g. your UTD email account. Please note that it’s required that your account password to be updated every 6-12 months. months. UTD IR will send you reminding messages to your UTD email account towards the time when your password is getting expired. To update your password, please login at the above NetID page. For more information, please visit the FAQs page. NetID FAQs page. The URL for the course login page is: http://webct.utdallas.edu. http://webct.utdallas.edu. The course may be accessed at any time. You are required to meet all assignment and exam deadlines. Participation in scheduled class activities is required. You should login to the course site regularly (at least three times per week) to check course updates, and discussion board messages. You’ll access the “My WebCT” page after you login. The page lists all courses that you have registered for. You can click the course title to access the course Home Page which displays several icon links. Clicking each icon link will take you to different subsidiary pages containing course content Bar elements or built-in course tools. Some navigation components suchthe as the Navigation with Course Menu on the left side,
the Menu Bar and the path link on the top, and the Action Menu on the content page can help you navigate within the course site. To get started with a WebCT course, please see the Getting started: Student WebCT Orientation link. Orientation link. For more information about WebCT tool usage, please see the WebCT Student Help Index. Index. Within the course site, you can always click HELP HELP on on the WebCT Menu Bar to find information and answers. You can also check out the Orientation Center to Online Learning and WebCT provided WebCT provided on WebCT’s web site. For more WebCT information and its learning resources, visit http://www.webct.com . If you have any problems with your UTD account or any problem with the UTD WebCT server, you may email to: [email protected]
or [email protected]
or call the UTD Computer Helpdesk at: 972-883-2911. If you encounter any technical difficulties within the course site, please send an email to [email protected] [email protected]
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Communications WebCT built-in communication communication tools: tools: There are three built-in communication communication tools tools to facilitate learning, communication, and collaboration. The Discussion allows communication among all course participants. Discussion topics or groups can be set up for topic discussions and homework assignments. You can use the course Mail tool to communicate privately with the instructor and any class participants. The Chat tool can be used for real-time communication among course participates. Please see specific information for accessing Chat tool. tool . Small groups may use the Chat tool for group discussions. Interaction with Instructor : We will communicate with students mainly using the Mail tool. Students may send personal concerns or questions to us using the course Email tool. We will reply to student emails or Discussion board messages within 3 working days under normal circumstances. Emails directed to a particular instructor should contain the instructor’s last name in the subject line. Emailing: Besides using the WebCT course internal email, if there is any need, students Emailing: may contact us via external regular emails. UTD provides each student with a free email account that is to be used in all communication with university personnel. This allows the university to maintain a high degree of confidence in the identity of all individuals corresponding and the security of the transmitted information. Beginning September 1, 2004, the Administration has informed faculty to require any email communications to be through UTD email accounts. To access your UTD email, please go to: http://pipeline.utdallas.edu and http://pipeline.utdallas.edu and login with your UTD NetID and password (same as WebCT login). The Department of Information Resources at UTD provides a method for students to forward email from other accounts to their UTD address and have their UTD mail sent to other accounts. Students may go to the following URL to establish the email forwarding if necessary: http://netid.utdallas.edu.. For any assistance with UTD email account, call 972-883-2911 http://netid.utdallas.edu or email [email protected] [email protected]
Scholastic Dishonesty The University has policies and discipline procedures regarding scholastic dishonesty. Detailed information is available on the Scholastic Dishonesty Dishonesty web web page. All students are expected to maintain a high level of responsibility with respect to academic honesty. Students who violate University rules on scholastic dishonesty are subject to disciplinary penalties, including the possibility of failure in the course and/or dismissal from the University. Since such dishonesty harms the individual, all students and the integrity of the University, policies on scholastic dishonesty will be strictly enforced.
Course Evaluation As required required by UTD academic academic regulatio regulations, ns, every every student student must complete an evaluation evaluation for each enrolled course at the end of the semester. An online instructional assessment form will be made available for your confidential use. Please look for the course evaluation link on the course Homepage towards the end of the course. Course Outline Course Week Instructor Instructor 8/18Troutman 8/21 8/228/28
Solcher Solcher Troutman* Troutman*
Topic Accounting as a
Sub Topic Seven Characteristics of a Profession
Profession Ethical Expectations Ch. 1 (Read pp. 124, 37-38 only) Governance, Accounting Accoun ting and Auditing Audit ing - Post Enron - Ch. 2 (Read pp. 55-61, 66-71, 78-94, 97-108 only) General overview of the Codes of Professional Conduct Independence Independe nce
Professional Designations The Ethics Environment for Busine Business ss New Expectations of Business Responses and Developments Governance and Accounting Reform Enron Arthur Arth ur Andersen Andersen WorldCom Sarbanes-Oxley
Integrity and Objectively Independe nce Independence Integrity and Objectively Test One -online -online
Principles Principle s of Profession Conduct Section 50-57 AICPA Texas Board Rules Sections 501.51 .53 Section 101 and the Ethics Questions Texas Board Rule 501.70 Section 102 and the Ethics Questions Texas Board Rule 501.73 Discussion Group Discussion Group
Corporate Ethical Governance and Accountability Accounta bility Ch. 3 (Read pp.
Emerging Governance and Accounting Framework Threats to Good Governance and Accountability
128-145 only) Professional
Accounting in the Accounting the Public Interest Ch. 4 (Read pp. 203-219, 295-299 only) Responsibilities Responsibili ties of the CPA
Judgment and Value Sources of Ethical Guidance
Responsibilities Responsibiliti es to Clients
General Standards Accounting Accoun ting Principles Responsibilities Responsibiliti es of the CPA and the Public Interest Responsibilities Responsibiliti es to Clients Test Two-online
Section 300 - AICPA Confidential Client Information Contingent Fees Texas Board Rules 501.75 and 501.72 Discussion Group
Troutman* 9/199/25 9/199/25
Measurement of Quantifiable Impacts Measurement of Non-Quantifiable Impacts Comprehensive Decision Making Approach Appr oaches es Managing Ethics Ethics Strategies Strategies Risks and Workplace Ethics Opportunities - Ch. 6 Ethics in International Operations (Read pp. 352-374 only) Section 500 - AICPA and the Ethics Other Responsibilities and Questions
Approaches to Ethical Decision Making - Ch.5 (Read pp. 310-325 only)
General Standards-Accounting Principles
Discreditable Acts Advertisin Advertising g and Other Other Fo Forms rms of Solicitation Commissions and Referral Fees Discussion of the Tax Services Standards
AICPA's Statement on Standards for Tax Services Accountant's Liability Legal Theorie Theories, s, Fraud Fraud,, Neglige Negligence nce and Retention of Client ‘s Records Discussion Group The Texas State Board of Public Accountancy Accounta ncy Final Examination
* denotes required discussion group participation