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Business Ethics

Which of the following best describes the relationship between assurance services and attest services? a. While attest services involve financial data, assurance services involve nonfinancial data. b. While attest services require objectivity, assurance servies do not. c. Both attest and assurance services require independence. d. Attest and assurance services are different terms referring to the same types of services. Which of the following does teh fASB consider a source of nonauthoritative guidance for use when there is no authoritative guidance available? a. The FASB Codification b. FASB Concepts Statements c. SEC rules d SEC interpretive Releases Financial statment audits performed under PCAOB requirements are designed to provide which types of assurance with respect to the detection of material misstatements due to errors or fraud? a Reasonable and Absolute b. Reasonable c Absolute d Neither Which of the following is not explicitly included in a standard report for a nonpublic company? a. the CPA's opinion that the financial statements comply with generally accepted accounting practices b. That generally accepted auditing standards were followed during the audit c. That internal control of the client was satisfactory d. An identification of the financial statements audited. The general group of the 10 PCAOB Auditing Standards require that: a. The auditors maintain an independent mental attitude b. The audit be conducted in conformity with general accepted accounting principles c. Assistants, if any he properly supervised d. The auditors obtain an understanding of internal control. Which AICPA quality contorl standard would most likely be satisfied when a CPA firm maintains records indicating which partners or employees of the firm were previously employed by the CPA firm's clients? a. Profession relationship b. Engagement prerformance c. Relevant ethical requirments d. Monitoring. An audit provides resonable assurance of detecting materal: a Fraudulent Financial Reporting and Missappropriation of assets b. Fraudulent Finanical Reporting c. Missappropriation of assets d. Neither

Which of the following best describes the relationship between assurance services and attest services? a. While attest services involve financial data, assurance services involve nonfinancial data. b. While attest services require objectivity, assurance servies do not. c. Both attest and assurance services require independenc

Discuss organizational example of ethical standards in management communications

Discuss an organizational example of the use of ethical standards in management communications. The example may be from your own workplace or from a business situation with which you are familiar. Support your answer by indicating why you believe it is an example of communicating in an ethical manner; use references to validate

Ethical standards

When making purchasing decisions, should a corporation reduce its ethical standards in order to allow the company to compete internationally?

self awareness

Discuss the for the following: a. Emotional Intelligence b. Defining Issues c. Learning Style Inventory d. Locus of Control Scale e. Tolerance of Ambiguity Scale f. Core Self-Evaluation Scale How does self-awareness lead to overcoming conceptual blocks? Additionally, compare personal values to business ethics.

IFRS vs US GAAP: Principle and Rules Based Practices

The IFRS is considered to be principle based, while U.S. GAAP is rules based. Discuss what principle-based and rule-based accounting practices mean with regard to their application. To prove your point, give an explanation of at least 1 example of IFRS and its U.S. GAAP parallel. In your opinion, is IFRS or GAAP more prone

Ethical Leadership

Give an example of ethical leadership. What are the characteristics of ethical leadership? And why is ethical leadership is important?

Management situation: ethical dilemma

You are to place yourself in the role as the sales manager at a European company that makes sleepwear products for children. Company personnel have discovered that the chemicals used to flameproof the companyâ??s line of childrenâ??s pajamas might cause cancer if absorbed through the skin. After this discovery, the pajamas are

Ethical issue for electronic monitoring of truck drivers on the road

Many owners of trucking companies use electronic communications equipment to monitor their drivers on the road. They say that the devices allow them to remain competitive and to serve their customers better by delivering shipments of vital materials exactly when their customers need them. They also point out that the equipment c

Positive & Normative Economics and Market Efficiency Evolution

1) What is the difference between positive and normative economics? Which is more prevalent in today's economies? Why? What role, if any, do ethics play in positive economics? What role do ethics play in normative economics? 2) Can market efficiency evolve on its own without government intervention? Why or why not? What rol

Understand and interpret unhealthy conflicts in teams

Understand and interpret unhealthy conflicts in teams. Look up and define. -- Competion over power and resources. -- Conflict between individuals and group goals. -- Faulty communications -- May have confliction answers and not decide cohesively. -- Won't talk about past problems. -- Will not communicate answer so they

Code of Conduct at ECG: Violating Ehical Standards

Implementation of the code of conduct at ECG has been a success. Employees are engaged in the training sessions and have been carefully reviewing the detailed code of conduct available on the ECG intranet. Furthermore, you are regularly being consulted by various individuals regarding situations that represent or could potential

ECG Code of Conduct: Awareness of importance of ethical behavior, value of code

As a leader at ECG, one of your responsibilities is to help shape a culture of ethics at the organization. Address the following: Now that the code of conduct for ECG is finalized, your next step on behalf of the Ethics Review Committee and in your role as compliance officer is to draft an e-mail to ECG leaders and manag

need guidance with ethical perspective paper

Need guidance with ethical perspective paper. I have to write about online business ethics and the unethical practices commonly used by businesses and websites that exist in the internet. I also need to write about the ethical actions that should be done about them by someone wanting to start an online business.

ECG: Review ethical standards, relevant laws for comprehensive code of conduct

During your first month at ECG, you convene a meeting of the Ethics Review Committee to review a client situation. The situation is straightforward: An ECG partner has not been diligent in fulfilling contractual obligations for a business strategy engagement, which requires timely response because the final presentation to the c

Non-CPAs doing Tax Returns

Explain economic issues that bring concern to pricing tax services under the new IRS testing and responsibilities law. Any ethical challenges facing hiring non-CPAs to perform services. What standards apply?

Poor decision making can occur at any level. It affects employees at all levels, from the chief executive officer (CEO) down to the administrative assistant. There are five decision-making pitfalls: groupthink, escalation of commitment, Abilene paradox, group polarization, and unethical decision making. The Enron debacle is an excellent example of how poor decision making can prove disastrous. Tasks: Read Periodicals> ProQuest> "Guilty As Charged!; A verdict on Enron's top two executives...and on an entire era." Kim Clark, Marianne Lavelle. U.S. News & World Report. Washington: Jun 05, 2006. Vol. 140, Iss. 21; p. 44-45 Respond to the following questions: How is the Enron case an example of the way in which groupthink can lead to a disaster? Who acted unethically? How is the Enron case an example of the way in which unethical decision making can lead to a disaster? What was the unethical decision or behavior? What happened to the company and its stakeholders as a result? What happened to the CEO who made the unethical decision? Note: Be sure to document any information that is not common knowledge and that you took from secondary sources to answer the questions.

Poor decision making can occur at any level. It affects employees at all levels, from the chief executive officer (CEO) down to the administrative assistant. There are five decision-making pitfalls: groupthink, escalation of commitment, Abilene paradox, group polarization, and unethical decision making. The Enron debacle is a

Legal & Ethical Issues Within Workplace

Take an in-depth look at a legal/ethical issue or situation relating to current, previous, or a potential future work environment(s) for the individual. Provide guidance utilizing the following points below, relating to a current/previous/or future work environment: - Evidence of understanding of the issue/situation in re

Ethical & Legal Issues: Traits of a Health Care Manager

1. What are the differences between ethical issues and legal issues? Describe a scenario in which an issue may be unethical, but legal. Describe a scenario in which an issue may be ethical, but illegal. Explain your choices. 2. Discuss the skills that are necessary for a leader or manager to make decisions and see that they are

Dangerous Working Conditions - Choice or Coercion

I need assistance with completing an essay discussing whether or not accepting a position with dangerous working conditions due to a desperate financial situation in which there are no other employment options is truly a free choice or coercion. The discussion should appeal to Kantian ethics and autonomy in defending the po

Communication, Power, and Ethical Guidelines

What actions you would take to address major communication issues in a situation. Explain how these actions would improve the effectiveness of communications during the negotiation. Explain how you would use any two sources of power that would be appropriate to move the negotiation to resolution. Explain the pr