US CPA REG: Understanding Agency Principles and Regulations. US CPA REG: Agency Under Common Law & U.S. Regulations.
Course Description
Strengthen your understanding of Agency Law under US CPA REG with this focused course designed for accounting professionals and CPA candidates. Dive deep into the legal principles, relationships, and responsibilities that define agency under Common Law and U.S. regulations—a critical area of the REG section.
This course is ideal for learners from an accounting background, with a practical approach to understanding how agency relationships work in real-world legal and business contexts.
What You’ll Learn
- Definition of Agency under Common Law
- Alignment of Agency principles with U.S. legal regulations
- Formation of agency relationships and classifications of agents
- Rules and regulations governing the conduct of agents
- Core principles that govern agent-principal interactions
- Rights and duties of agents and principals
- Legal liabilities and consequences for both agents and principals
- Key doctrines like authority, estoppel, and ratification
Course Content Overview
Video 1 – Introduction to Agency
- What is Agency? (Definition under Common Law)
- U.S. Legal Framework: How Agency aligns with American regulations
- Understanding Principal-Agent relationships
- Agent classifications and core responsibilities
- Key rights, duties, and liabilities
Video 2 – Creation of Agency
- How agency relationships are established
- Key elements required for valid formation
- Implied vs. express agency
Video 3 – Rights & Duties of Principals and Agents
- Responsibilities of both parties
- Legal entitlements and fiduciary duties
- Breach scenarios and consequences
Video 4 – Authority of Agents and Principals
- Actual vs. Apparent Authority
- The concept of Estoppel and third-party reliance
- Ratification of unauthorized acts
- Contractual liabilities
Video 5 – Liabilities in Agency Relationships
- When agents are held liable for their actions
- Situations where principals bear responsibility
- Real-life applications and exam-focused explanations
Who This Course Is For
- US CPA REG candidates (non-taxation focus)
- Accounting professionals and finance students
- Professionals looking to strengthen their understanding of legal business relationships
- Anyone preparing for the Business Law component of CPA REG
Get the clarity you need to master Agency Law under REG.
Happy Learning!
