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2024 Resolving Ethical Dilemmas—You Make the Call

Total Credits: 1.5 including .5 Accounting - Technical, .5 Auditing- Technical, .5 Regulatory Ethics - Technical

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ACPEN Industry Institute |  Accounting and Auditing |  Industry |  Yellow Book |  Ethics
David L. Cotton, CPA, CFE, CGFM
Course Levels:
1.5 Hours
Product Setting: Expires 30 day(s) after program date.

Please Note: Programs with a ☾ insignia begin after 5pm or air on the weekend.


By now, we should all understand the ethical obligations we have as CPAs.  So, theoretically, if we just all agree to remain ethical, we should not have CPA ethical violations.  But, of course, our professional ethics committees still have plenty of cases to investigate.  This session will examine several ethical frameworks, including the AICPA’s Code of Professional Conduct’s and the GAO Yellow Book’s Threats and Safeguards approach to remaining ethical and resolving ethical dilemmas.  The session will present several ethical case studies that illustrate the complexities of and challenges to staying ethical.

By exercising our “ethical muscles”, we should be better positioned to effectively deal with the ethical dilemmas that we will inevitably encounter.

Basic Course Information

Learning Objectives
  • Ethical frameworks
  • The AICPA’s and Yellow Book’s Threats and Safeguards methods
  • Why conflicts of interest are often the greatest ethical issues to deal with

Major Subjects
  • Ethical frameworks
  • Threats and safeguards to objectivity and independence

Course Materials


David L. Cotton, CPA, CFE, CGFM's Profile

David L. Cotton, CPA, CFE, CGFM Related Seminars and Products

Dave Cotton is chairman of Cotton & Company LLP, Certified Public Accoun­tants, headquartered in Alexan­dria, Virginia.  The firm was founded in 1981 and has a practice concentration in assist­ing Federal and State government agencies, inspectors general, and government grantees and contractors with a variety of govern­ment program-related assurance and advisory services.  Cotton & Company has performed grant and contract, indirect cost rate, financial statement, financial related, and performance audits for more than two dozen Federal inspectors general as well as numer­ous other Federal and State organizations, programs, activities, and functions. 

Cotton & Company’s Federal agency audit clients have included the U.S. Government Accountability Office, U.S. Navy, U.S. Marine Corps, U.S. Transportation Command, U.S. House of Representatives, U.S. Capitol Police, U.S. Small Business Administration, U.S. Bureau of Prisons, Millennium Challenge Corporation, U.S. Marshals Service, and Bureau of Alcohol, Tobacco, Firearms and Explosives.  Cotton & Company also assists numerous Federal agencies in preparing financial statements and improving financial management, accounting, and internal control systems.

Dave received a BS in me­chanical engineering (1971) and an MBA in management science and labor rela­tions (1972) from Lehigh University in Bethle­hem, PA.  He also pursued gradu­ate studies in accounting and auditing at the University of Chicago Graduate School of Business (1977 to 1978).  He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), and Certified Government Financial Manager (CGFM).

Dave served on the Advisory Council on Government Auditing Standards (the Council advises the United States Comptroller General on promulgation of Government Auditing Standards—GAO’s yellow book) from 2006 to 2009.  He served on the Institute of Internal Auditors (IIA) Anti-Fraud Programs and Controls Task Force and co-authored Managing the Business Risk of Fraud: A Practical Guide.  He served on the American Institute of CPAs Anti-Fraud Task Force and co-authored Management Override: The Achilles Heel of Fraud Prevention. Dave is the past-chair of the AICPA Federal Accounting and Auditing Subcommittee and has served on the AICPA Gov­ernmental Accounting and Auditing Com­mit­tee and the Government Technical Standards Subcom­mittee of the AICPA Profes­sional Ethics Execu­tive Commit­tee.  Dave chaired the Fraud Risk Management Task Force, sponsored by COSO and ACFE and is a principal author of the COSO-ACFE Fraud Risk Management Guide. 

Dave served on the board of the Virginia Society of Certified Public Accountants (VSCPA) and on the VSCPA Litigation Services, Professional Ethics, Quality Review, and Governmental Accounting and Auditing Committees.  He is a member of the Association of Government Accountants (AGA) and past-advisory board chairman and past-president of the AGA Northern Virginia Chapter and currently serves on the AGA Professional Ethics Board.  He is also a member of the Institute of Internal Auditors and the Association of Certified Fraud Examiners (ACFE).

Dave has testified as an expert in governmental accounting, auditing, and fraud issues before the United States Court of Federal Claims and other administrative and judicial bodies. 

Dave has spoken frequently on cost accounting, professional ethics, and auditor fraud detection responsibilities under SAS 99, Consideration of Fraud in a Financial Statement Audit.  He has been an instructor for the George Washington University masters of accountancy program (Fraud Examination and Forensic Accounting), and has instructed for the George Mason University Small Business Development Center (Fundamentals of Accounting for Government Contracts). 

Dave was the recipient of the ACFE 2018 Certified Fraud Examiner of the Year Award (“presented to a CFE who has demonstrated outstanding achievement in the field of fraud examination …  based on their contributions to the ACFE, to the profession, and to the community”); AGA’s 2012 Educator Award (“to recognize individuals who have made significant contributions to the education and training of government financial managers”); and AGA’s 2006 Barr Award (“to recognize the cumulative achievements of private sector individuals who throughout their careers have served as a role model for others and who have consistently exhibited the highest personal and professional standards”).


Tue, Mar 12, 2024 - 01:00pm to 02:17pm MDT
Thu, Mar 28, 2024 - 05:00pm to 06:17pm MDT
Mon, Apr 08, 2024 - 10:00am to 11:17am MDT
Thu, Apr 18, 2024 - 01:00pm to 02:17pm MDT
Sat, May 11, 2024 - 07:00am to 08:17am MDT
Thu, May 16, 2024 - 10:00am to 11:17am MDT
Thu, May 30, 2024 - 01:00pm to 02:17pm MDT
Tue, Jun 04, 2024 - 07:00am to 08:17am MDT
Sat, Jun 15, 2024 - 10:00am to 11:17am MDT
Thu, Jun 27, 2024 - 05:00pm to 06:17pm MDT
Wed, Jul 03, 2024 - 07:00am to 08:17am MDT
Tue, Jul 23, 2024 - 10:00am to 11:17am MDT
Fri, Aug 02, 2024 - 01:00pm to 02:17pm MDT
Wed, Aug 14, 2024 - 07:00am to 08:17am MDT
Wed, Aug 21, 2024 - 10:00am to 11:17am MDT
Wed, Sep 11, 2024 - 01:00pm to 02:17pm MDT
Mon, Sep 30, 2024 - 07:00am to 08:17am MDT
Thu, Oct 03, 2024 - 10:00am to 11:17am MDT
Tue, Oct 22, 2024 - 04:00pm to 05:17pm MDT
Tue, Nov 05, 2024 - 07:00am to 08:17am MST
Sat, Nov 23, 2024 - 10:00am to 11:17am MST
Tue, Nov 26, 2024 - 01:00pm to 02:17pm MST
Thu, Dec 05, 2024 - 05:00pm to 06:17pm MST
Sat, Dec 21, 2024 - 10:00am to 11:17am MST
Mon, Dec 23, 2024 - 01:00pm to 02:17pm MST
Fri, Jan 10, 2025 - 07:00am to 08:17am MST
Tue, Jan 21, 2025 - 10:00am to 11:17am MST
Thu, Feb 06, 2025 - 01:00pm to 02:17pm MST
Mon, Feb 17, 2025 - 07:00am to 08:17am MST
Tue, Mar 04, 2025 - 10:00am to 11:17am MST
Sat, Mar 15, 2025 - 01:00pm to 02:17pm MDT
Wed, Mar 19, 2025 - 07:00am to 08:17am MDT
Wed, Apr 09, 2025 - 10:00am to 11:17am MDT
Fri, Apr 25, 2025 - 01:00pm to 02:17pm MDT
Tue, May 06, 2025 - 04:00pm to 05:17pm MDT
Fri, May 23, 2025 - 10:00am to 11:17am MDT
Thu, Jun 05, 2025 - 05:00pm to 06:17pm MDT
Sat, Jun 14, 2025 - 07:00am to 08:17am MDT
Fri, Jun 27, 2025 - 10:00am to 11:17am MDT

Additional Info

Basic Course Information

Prerequisites None
Advanced Preparation  None
Designed For

Accountants and auditors at all levels


Original Recording Date 12/18/2023
Yellow Book Yes
Course Developer David L. Cotton, CPA, CFE, CGFM
Date Added to Catalog 12/5/2023

Additional Information

Complaint Resolution Policy

Please contact Anne Taylor for any complaints., (972-377-8199). 

Official Registry Statement

Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

Instructional Delivery Method

Group Internet Based

Course Registration Requirements

Online Registration

Refund/Cancellation Policy

Please contact the ACPEN help desk 1-877-602-9877 or if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer. 

Promo Video