Accounting Ethics Exam 1
" Value Ethics":
a)Considers the rights and duties of stakeholders
b)Defines the "proper" course of movement in phrases of consequences to the decision
maker.
C)Evaluates the results of actions (harms and Benefits) to the stakeholders
d)Traces its origins returned to the historical Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-d)Traces its origins lower back to the
historical Greeks, Plato and Aristotle
A CPA might also show patron paintings papers to the following without getting permission
from the purchaser:
a)A business enterprise looking to shop for the CPA's Accounting Practice
b)Government regulators including the SEC or the State Board of Accountancy
c)Peer reviewers
d)The FBI or the name of the game carrier
e)A, B. And C above are correct. - ANS-e)A, B. And C above are correct.
A CPA may additionally use confidential consumer accounting facts, with out acquiring
consumer permission, to the volume necessary to shield himself from malpractice charges
brought by way of the purchaser.
A)True
b)False - ANS-a)True
A CPA, like a lawyer, will continually have a fiduciary obligation to his customer.
A)True
b)False - ANS-b)False
A fraud conviction in a place unrelated to the practice of accounting does no longer want to
be stated to the kingdom board of accountancy.
A)True
b)False - ANS-b)False
Deontology is a college of moral idea that:
a)Considers the rights and obligations of stakeholders
b)Defines the "proper" route of motion in terms of outcomes to the choice maker.
C)Evaluates the results of moves (harms and Benefits) to the stakeholders
d)Traces its origins back to the ancient Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-a)Considers the rights and duties of
stakeholders
Egoism:
a)Considers the rights and duties of stakeholders
, b)Defines the "proper" path of motion in terms of effects to the choice maker.
C)Evaluates the consequences of movements (harms and Benefits) to the stakeholders
d)Traces its origins again to the historical Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-b)Defines the "right" path of
movement in phrases of consequences to the decision maker.
Enlightened Egoism :
a)Considers the well-being of others inside the scope of deciding on a route of action
primarily based on self-hobby.
B)Is just like Karma in that desirable comes to the selection maker by means of doing proper
to others
c)Is now not a viable concept in reality
d)Answers a and b above are accurate - ANS-d)Answers a and b above are correct
Honesty and Integrity are the maximum essential basis of Ethics for accountants.
A)True
b)False - ANS-a)True
If you have come upon an moral trouble in your accounting exercise, which could result in
Civil or Criminal prices being introduced towards the firm, the primary factor you ought to do
is:
a)Discuss it thoroughly with all of your partners and executives
b)Discuss it together with your senior partner most effective
c)Interview those concerned to get the records you will need to guard the matter.
D)Talk for your university ethics professor about the matter and get his propose
e)Hire a lawyer and have him present in individual or at the smartphone earlier than you
communicate to each person about the case - ANS-e)Hire a legal professional and have him
found in individual or on the smartphone before you talk to all people approximately the case
In doing your struggle test in guidance to bid on the Acme audit you find out that your
accomplice's son works in the warehouse, stocking shelves at Acme. Will this limit you from
doing the audit?
A)Yes
b)No - ANS-b)No
In Fords dealing with of the Pinto gas tank problems :
a)Utilitarianism trumped a deontological method to the hassle.
B)The employer decided what to do with the aid of considering Rawl's Theory of Social
Justice
c)The organization used a deontological technique first and placed the rights of proprietors
to a safe automobile peculiarly different concerns
d)Ford turned into not in compliance with present regulation at the time
e)Ford positioned humans in advance of income - ANS-a)Utilitarianism trumped a
deontological approach to the hassle.
In order to convict you of a contravention of the Foreign Corrupt practices Act
The Government need to show which you surely gave a bribe to a overseas government,
authorities respectable, political birthday party, or a candidate for office.
" Value Ethics":
a)Considers the rights and duties of stakeholders
b)Defines the "proper" course of movement in phrases of consequences to the decision
maker.
C)Evaluates the results of actions (harms and Benefits) to the stakeholders
d)Traces its origins returned to the historical Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-d)Traces its origins lower back to the
historical Greeks, Plato and Aristotle
A CPA might also show patron paintings papers to the following without getting permission
from the purchaser:
a)A business enterprise looking to shop for the CPA's Accounting Practice
b)Government regulators including the SEC or the State Board of Accountancy
c)Peer reviewers
d)The FBI or the name of the game carrier
e)A, B. And C above are correct. - ANS-e)A, B. And C above are correct.
A CPA may additionally use confidential consumer accounting facts, with out acquiring
consumer permission, to the volume necessary to shield himself from malpractice charges
brought by way of the purchaser.
A)True
b)False - ANS-a)True
A CPA, like a lawyer, will continually have a fiduciary obligation to his customer.
A)True
b)False - ANS-b)False
A fraud conviction in a place unrelated to the practice of accounting does no longer want to
be stated to the kingdom board of accountancy.
A)True
b)False - ANS-b)False
Deontology is a college of moral idea that:
a)Considers the rights and obligations of stakeholders
b)Defines the "proper" route of motion in terms of outcomes to the choice maker.
C)Evaluates the results of moves (harms and Benefits) to the stakeholders
d)Traces its origins back to the ancient Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-a)Considers the rights and duties of
stakeholders
Egoism:
a)Considers the rights and duties of stakeholders
, b)Defines the "proper" path of motion in terms of effects to the choice maker.
C)Evaluates the consequences of movements (harms and Benefits) to the stakeholders
d)Traces its origins again to the historical Greeks, Plato and Aristotle
e)Is related to John Rawls of Harvard University - ANS-b)Defines the "right" path of
movement in phrases of consequences to the decision maker.
Enlightened Egoism :
a)Considers the well-being of others inside the scope of deciding on a route of action
primarily based on self-hobby.
B)Is just like Karma in that desirable comes to the selection maker by means of doing proper
to others
c)Is now not a viable concept in reality
d)Answers a and b above are accurate - ANS-d)Answers a and b above are correct
Honesty and Integrity are the maximum essential basis of Ethics for accountants.
A)True
b)False - ANS-a)True
If you have come upon an moral trouble in your accounting exercise, which could result in
Civil or Criminal prices being introduced towards the firm, the primary factor you ought to do
is:
a)Discuss it thoroughly with all of your partners and executives
b)Discuss it together with your senior partner most effective
c)Interview those concerned to get the records you will need to guard the matter.
D)Talk for your university ethics professor about the matter and get his propose
e)Hire a lawyer and have him present in individual or at the smartphone earlier than you
communicate to each person about the case - ANS-e)Hire a legal professional and have him
found in individual or on the smartphone before you talk to all people approximately the case
In doing your struggle test in guidance to bid on the Acme audit you find out that your
accomplice's son works in the warehouse, stocking shelves at Acme. Will this limit you from
doing the audit?
A)Yes
b)No - ANS-b)No
In Fords dealing with of the Pinto gas tank problems :
a)Utilitarianism trumped a deontological method to the hassle.
B)The employer decided what to do with the aid of considering Rawl's Theory of Social
Justice
c)The organization used a deontological technique first and placed the rights of proprietors
to a safe automobile peculiarly different concerns
d)Ford turned into not in compliance with present regulation at the time
e)Ford positioned humans in advance of income - ANS-a)Utilitarianism trumped a
deontological approach to the hassle.
In order to convict you of a contravention of the Foreign Corrupt practices Act
The Government need to show which you surely gave a bribe to a overseas government,
authorities respectable, political birthday party, or a candidate for office.
