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Test Bank
Ethical Obligations
and
Decision-Making in
Accounting
6th Edition
by Steven Mintz
All Chapters
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TABLE OF CONTENT Q8 Q8
Chapter1:EthicalReasoning:ImplicationsforAccounting
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Chapter2: CognitiveProcessesand Ethical DecisionMakinginAccounting Chapter
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3: OrganizationalEthics and CorporateGovernance
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Chapter4:AICPA CodeofProfessional Conduct
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Chapter5:Fraud inFinancialStatementsandAuditorResponsibilities Chapter6:Mo
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tivationforFraudulentFinancialReporting
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Chapter7: ConsequencesofEarningsManagement:TheNeedfor Ethical LeadershipinAccounting
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Chapter8:Auditors’ Legal LiabilitiesandDefenses
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ANSWER KEY AT THE END OF EACH CHAPTER
Chapter016eMintz 8
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AnswersIncluded ✅ Q
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MULTIPLE CHOICE- Q8 Q
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Choose the one alternative that best completes the statement or answersthe question.
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1) What isthe common characteristic ofAristotle'svirtuesand ethical standardsfor CPAs?
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A) truthfulness
B) integrity
C) loyalty
D) duecare 8Q
2) Janefindsamaterialmisstatementwhileauditingaclient'saccountsreceivables. Her senior
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tellsher to ignore themisstatement sothat the client doesnot get upset. Janewantsto be viewed asa t
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eam player in order to advancein thefirm, so Jane followsher senior'sinstructions andignoresthe m
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isstatement. Whichethicaltheorydid Janeuseto makeherdecision?
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A) egoism
B) justice
C) virtueethics 8Q
D) utilitarianism
3) Whichof thefollowing situationswouldbeconsidered ethical?
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A) The cashier at Wal- Q8 Q8 Q8
Mart givesyou $5 more than you were supposed to receive and you don't do anything aboutit.
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B) You accidentally back into a car at Wal-Mart and leave your information forthem to
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call.
C) You receive fake $20 bills and use them ina store whileknowing they are fake.
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D) You find a phone ina restaurant and keep it. Q8 Q8 Q8 Q8 8Q Q8 Q8 Q8 Q8
4) Whichof thefollowingcharacteristics doesnot describethe importanceofintegrityin deci
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sionmaking?
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