ACCT 4346 Exam Study Guide A+
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
collect and analyze information.
Answer:
-identify tools for measuring progress in improving employees' ethical decisions
-collect relevant subject matter (internal and external docs)
-determine a baseline level of compliance
-determine all commitments
-stakeholder yield insights (integrating stakeholder feedback is crucial in an audit)
-audit should compare organizational performance to other comparable orgs
Question:
verify the results.
Answer:
-have an independent party verify the results, verfication is an assessment of the quality, accuracy,
and completeness of a company's social report (involve standard procedures to control reliability
and validitiy of info)
Question:
reporting the findings.
Answer:
-spells out purpose and scope of audit, methods used, role of the author, and auditing and reporting
guidelines
-may be disseminated internally or externally
-ethics audits are similar to financial audits but forms are different
Question:
, strategic importance of ethics auditing.
Answer:
-should be conducted regularly
-provides a benchmark of overall effectiveness of ethics initiatives
-can demonstrate the positive impact of ethical conduct and social repsonsiblity on the firms
bottom line
Question:
global culture, value, and practices.
Answer:
-country cultural values: are specific to countries, regions, sects or groups
-national culture: everything in our surroundings that is made by people (both tangible and
intangible, each nation has a cultural belief about acceptable business practices, subcultures can be
found in many nations)
Question:
classifying cultural differences.
Answer:
- individualism/collectivism
-power distance
-uncertainty avoidance
-masculinity/femininity
Question:
Self-Reference Criterion (SRC).
Answer:
an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for
decisions
Question:
cultural relativism.
Questions and Answers Verified Solutions
Latest Update 2026/2027
Question:
collect and analyze information.
Answer:
-identify tools for measuring progress in improving employees' ethical decisions
-collect relevant subject matter (internal and external docs)
-determine a baseline level of compliance
-determine all commitments
-stakeholder yield insights (integrating stakeholder feedback is crucial in an audit)
-audit should compare organizational performance to other comparable orgs
Question:
verify the results.
Answer:
-have an independent party verify the results, verfication is an assessment of the quality, accuracy,
and completeness of a company's social report (involve standard procedures to control reliability
and validitiy of info)
Question:
reporting the findings.
Answer:
-spells out purpose and scope of audit, methods used, role of the author, and auditing and reporting
guidelines
-may be disseminated internally or externally
-ethics audits are similar to financial audits but forms are different
Question:
, strategic importance of ethics auditing.
Answer:
-should be conducted regularly
-provides a benchmark of overall effectiveness of ethics initiatives
-can demonstrate the positive impact of ethical conduct and social repsonsiblity on the firms
bottom line
Question:
global culture, value, and practices.
Answer:
-country cultural values: are specific to countries, regions, sects or groups
-national culture: everything in our surroundings that is made by people (both tangible and
intangible, each nation has a cultural belief about acceptable business practices, subcultures can be
found in many nations)
Question:
classifying cultural differences.
Answer:
- individualism/collectivism
-power distance
-uncertainty avoidance
-masculinity/femininity
Question:
Self-Reference Criterion (SRC).
Answer:
an unconscious reference to one's own cultural values, experiences, and knowledge as a basis for
decisions
Question:
cultural relativism.
