By the end of this course, you will be able to navigate the complex ethical frameworks and professional standards that govern the modern auditing profession. You will learn how to confidently apply the AICPA Code of Professional Conduct to maintain integrity, objectivity, and independence when facing real-world conflicts of interest. Furthermore, learners will benefit from a deep dive into the specific rules that shape different types of professional engagements. You will understand the crucial differences between auditing private entities under Statements on Auditing Standards (SAS) and auditing publicly traded companies under strict PCAOB regulations.
Economics of Markets, Government, and Nonprofits
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Economics of Markets, Government, and Nonprofits
This course is part of CPA Licensure Prep: Special Topics in Accounting Specialization

Instructor: William Karalius
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What you'll learn
Identify the core principles of the AICPA Code of Professional Conduct and apply them to navigate conflicts of interest and maintain independence.
Differentiate between the distinct auditing standards required for nonissuers, public companies, internal audits, and international engagements.
Skills you'll gain
- Competitive Analysis
- Market Analysis
- Economics
- Public Accounting
- Business Economics
- Market Dynamics
- Certified Public Accountant
- Non-Profit Accounting
- Standard Accounting Practices
- Supply And Demand
- Financial Reporting
- Ethical Standards And Conduct
- Internal Auditing
- Governmental Accounting
- External Auditing
- Auditing
- Generally Accepted Auditing Standards
- Economics, Policy, and Social Studies
- Financial Auditing
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March 2026
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