CHAPTER 5 MAS PRACTICE STANDARDS AND ETHICAL CONSIDERATIONS I. Questions 1. “Role” refers to the relationship of the CPA as a consultant to the client management and personnel. The basic role of the CPA in performing MAS is to provide advice and technical assistance to the client. 2. Practice standards are necessary in the consulting practice in order to promote the highest quality of performance of the practitioner. 3. Refer to page 71, par 2 4. Refer to
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Reporting Practices and ethical Standards in Health Care Finances University of Phoenix HCS 405 Health Care Financial Accounting July 11, 2012 Reporting Practices and Ethics The financial management of health care organizations have the obligation to integrate financial reporting practices with ethical standards that directly reflects and affects health care patients, providers, policymakers, and the society. This paper will review articles that reflect
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One's courage in making decisions 5. The actions of Sherron Watkins in the Enron case appears to reflect each of the following except for: A. Moral sensitivity B. Egoism C. Enlightened egoism D. Professional skepticism 6. Professional judgment in accounting includes each of the following attributes except for: A. Exercising due care in carrying out one's professional responsibilities B. Maintaining one's objectivity in decision making C. Maintaining one's integrity in decision making D. Acting in
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Multiple Choice 1. The term _____ refers to an individual’s personal beliefs about whether a decision, behavior, or action is right or wrong. a. value b. culture c. ethics d. religion e. expectations (c; easy; p. 119) 2. Fruit juice suppliers in South America rely heavily on _____. a. elderly employees b. child labor c. female workers d. illegal immigrant workers e. none of the above (b; moderate; p. 117)
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Jaden is as well. Jaden is very happy with his current situation him and his wife are about to put a down payment on their first house. Angela is aware that a decision has been made to transfer that same position that Jaden is hoping to get. This accounting position will likely be moved to Chicago and this position will more than likely be given to someone else due to seniority. As Carla is expressing her appreciation and telling her about Jaden and his wife, she’s starting to feel a bit uneasy. Although
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Wal-Mart Ethics and Compliance FIN/370 OCT 23RD 2010 Wal-Mart Stores Inc.Ethics and Compliance Give me a “W”, Give me an “A”, Give me an “L”, Give me a squiggly, Give me an “M”, Give me an “A”, Give me and ‘R”, Give me a “T”. What’s that spell? Wal-Mart. Whose Wal-Mart is it? It’s my Wal-Mart! Who’s number one? The customer! Always! This is the motto and cheers that Wal-Mart lives by. Don’t be surprise if you hear the associates shouting this loudly and proudly at your local
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Application of Integrated Ethical Decision-Making Model into “Giles and Regas” Case 1. Identification of Ethical and Professional Issues (a) Identification of the Relevant Facts • Regas, a senior accountant in a CPA firm, was assigned to an audit engagement project working with the firm’s CPA partner Giles who has a higher rank in the same team, and had been in a dating relationship with Giles for several months, which was an uncommon story among the partners, but became clear to most
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Ethics Essay Ethics play a huge role in the lives and actions of people. When considering the ethics of a situation importance should be put on the understanding of how a person will react to the event. Understanding the different theories will assist the decision maker in determining the necessary outcome of the situation and will make the outcome as favorable as possible. The three theories compared in this essay are virtue ethics, utilitarianism, and deontological theories. How a person
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Adelphia Communications scandal By Insert name Insert institution Adelphia Communications scandal Introduction Adelphia Communications Company was a television cable company whose headquarters centered in Coudersport, Pennsylvania. It ranked as the fifth most prestigious cable companies in United States. John Rigas is the founder of the company. The company was highly respected until an infamous scandal ensued following claims of bankrupt in 2002, at which time its headquarters relocated
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working together to become the best consulting firm in the area. Mission Statement: Bermuda Dunes Consulting (BDC) will provide quality consulting services to our clients in order to help them achieve their business goals while maintaining that ethics, commitment and fairness are the cornerstone of its business. STANDARDS AND PROCEDURES Every employee is expected to: • Report to work on times as scheduled. If an employee is going to be more than 10 minutes late, he or she must contact their
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