1.Distinguish ethical from unethical behavior in personal and professional contexts.
2.Resolve ethical dilemmas using an ethical framework.
3.Explain the importance of ethical conduct for the accounting profession.
4.Describe the purpose and content of the AICPA Code of Professional Conduct.
5.Understand Sarbanes-Oxley Act and other SEC and PCAOB independence requirements and additional factors that influence auditor independence.
6.Apply the AICPA Code rules and interpretations on independence and explain their importance.
7.Understand the requirements of other rules under the AICPA Code.
8.Describe the enforcement mechanisms for CPA conduct.