| LO B-1 | Understand general ethics and a series of steps for making ethical decisions. |
| LO B-2 | Reason through an ethical decision problem using the imperative, utilitarian, and virtue theories of moral philosophy. |
| LO B-3 | Identify the different entities that make ethics rules for CPAs and public accounting firms. |
| LO B-4 | With reference to American Institute of Certified Public Accounting (AICPA), Government Accountability Office (GAO), Public Company Accounting Oversight Board (PCAOB), and Securities and Exchange Commission (SEC) rules, analyze factual situations and decide whether an accountant’s conduct does or does not impair independence. |
| LO B-5 | With reference to AICPA rules on topics other than independence, analyze factual situations and decide whether an accountant’s conduct does or does not conform to the AICPA Code of Professional Conduct. |
| LO B-6 | Explain the types of penalties that can be imposed on accountants. |
