Week 1 AICPA Code of Professional Conduct Write a 350- to 750-word paper describing the purpose of the AICPA Code of Professional Conduct and why it is considered the foundationRead More
Financial statements are an important product of the accounting process. Provide an example of an internal user. How could he or she be harmed by fraudulent and unethical financial statements?
Financial statements are an important product of the accounting process. Provide an example of an external user. How could he or she be harmed by fraudulent and unethical financial statements?
Large-scale bankruptcies and corporate frauds resulted in the Sarbanes-Oxley (SOX) Act. Which provision of SOX do you think will have the most profound effect on improving the quality of financialRead More
Corporate executives are pressured between conflicting interests of internal and external stakeholders. Provide a specific example of such a conflict. How can the conflict best be resolved?
Discuss the previous week’s objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate toRead More
Week 2 Learning Team Assignment Ethicality of Accounting Activities Resource: Case 2-1, Cynthia Cooper and WorldCom in Ch. 2 of Ethical Obligations and Decision Making in Accounting Write a 1,200-Read More
Many professionals believe it is impossible to regulate ethics. Yet, the SEC and other federal agencies provide rules, regulations, and laws surrounding corporate governance. How effective are the legal processesRead More
Several laws, most recently Sarbanes-Oxley, have provided provisions requiring high ranking officials to certify that they have acted ethically in corporate governance and financial reporting. How effective are such lawsRead More
Executive officers within an organization will often feel compelled and tempted to emphasize short-term results—net income for the current year—over long-term success and company survival. Why would they be soRead More
What are the ethical implications of the Microsoft® corporate governance systems presented in the text? How could Microsoft® improve corporate governance?
Week 3 Legality & Ethicality of Financial Reporting Resource: Ethics Case 7-4: Excello Telecommunications in Ch. 7 of Ethical Obligations and Decision Making in Accounting Write a 1,200- to 1,500-wordRead More