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What are the potential implications of globalization without consideration of cultural differences on ethical issues? Cite specific examples.
Identify ethical perspectives in the global organization.
Many professional accountants believe that the main purpose of accounting standards is to protect the public. With that in mind, what do you think are the main objectives of the AICPA code of professi
Legal and ethical issues can arise in any organization. How might these be different? What sort of relationship exists between the two? Provide an example of each from current events
Think of an organization with which you are familiar. How has that organization's ethical policies changed as a result of external pressure? Provide examples.
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be u
XYZ School District is having budget issues and is facing the possibility of cutting some programs. How could one use ethical principles to address their budget issues?
What is a socially responsible effort? Social responsibility comes from the belief that people, governments, and organizations have a responsibility to the greater welfare of society
In the last year, what is an example of something you have done that can be considered a socially responsible effort? How do you think this has helped your community?
Select two major ethical theories covered in your readings for Week One. What are the major differences between these two theories? Which one of these theories is most aligned to your personal beliefs
A personal experience to explain the relationship between virtue, values, and moral concepts as they relate to one of the three theories.
One of your friends uses the terms ethics and morality interchangeably. You do not think this is correct. How would you explain the difference between ethics and morality? Provide an example of morali
Consider the community in which you live. What is your responsibility within your own community? Explain and provide examples of what you consider your responsibilities.
A bookkeeper makes a significant posting error, which she later discovers and corrects. In fear of losing her job, she does not report the mistake to her supervisor. How should the employee have handl
What do you think are the three most important purposes of the AICPA Code of Professional Conduct?
The CFO for a corporation deliberately misstates expenses on the income statement purely out of a sense of loyalty to his CEO and the company.
How does the AICPA Code of Professional Conduct relate to ethics? Provide examples to support your response.
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 financial rep
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?
Identify the key individuals in this case. Each team member must select a different individual from the case to explain his or her ethical or unethical actions and how those actions influenced the eve
Many professionals believe it is impossible to regulate ethics. Yet, the SEC and other federal agencies provide rules, regulations, and laws surrounding corporate
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
Decide on the next steps based on the events that took place. What makes this next step the best decision?
Is the client’s refusal to procure an audit of Internal Controls over Financial Reporting in violation of Sarbanes-Oxley? Why or why not?