Course Materials Click here to view the required and recommended materials to be purchased and to access ordering information. Course Description (Students should be cautious about enrolling in ACCT 310 or ACCT 311. These are professional courses requiring intensive study and analysis and are not to be undertaken casually. Students who have not taken ACCT 221 within the last two years may have difficulty.) Prerequisites: BMGT 110 (or at least two years of business or management experience)
Words: 1838 - Pages: 8
reading this case on ethical dilemmas I would say the ethical dilemma that Dan is facing is whether or not he should do the audit he has been ask to do by his boss in an ethical and responsible manner, or if he should take no regard to the ethical codes and to follow the instructions that his boss has given him. A little background on Dan and what has lead him to have such a big dilemma. Dan works for Baker Greenleaf which is one of the Big Eight Firms, Dan is one of the many staff accountants that
Words: 1261 - Pages: 6
A financial statement audit is a systematic process of objectively obtaining and evaluating evidence. True False True False True False True False 3. Auditors should conduct their work with an attitude of professional skepticism. 4. A bank using Milton Company's financial statements to determine the creditworthiness of a potential loan to Milton is a good example of the need for unbiased reporting. 5. An integrated
Words: 27550 - Pages: 111
CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE | | | | |Topics |Questions |Cases | |1. |Subject matter of accounting. |1, 2 |4
Words: 4213 - Pages: 17
morally good and bad.” Ethics are rooted in an individual or an entire group’s moral values that govern daily behavior and crucial decisions. From a professional perspective, ethics provide a given quality and ensures a fair practice. In terms of business, it is the moral duties and obligations that apply to various professions and their code of conduct. Ethics encompass a set of understood rules to guide the direction of a business, company, corporation, or organization. Ethics are essential and tremendously
Words: 2682 - Pages: 11
Accounting ethics is primarily a field of applied ethics and is part ofbusiness ethics and human ethics, the study of moral values and judgments as they apply to accountancy. It is an example of professional ethics. Accounting introduced by Luca Pacioli, and later expanded by government groups, professional organizations, and independent companies. Ethics are taught in accounting courses at higher education institutions as well as by companies training accountants and auditors. Due to the diverse
Words: 5921 - Pages: 24
to follow that person and the level of respect and trust are diminished, which can lead to a shift in employee organizational behavior. Even though there is not a published set of ethics to follow the Institute of Management Accountants (IMA) has a code of ethical principles that include honesty, fairness, objectivity, and responsibility. The following responsibilities are standards in which all members should comply: Competence, Confidentiality, Integrity, Objectivity, and Resolution of Ethical
Words: 3798 - Pages: 16
about information to determine and report on the degree of correspondence between the information and established criteria.” Also, an assurance service is an independent professional service that promotes the quality of information. These services are regarded as valuable because they come from an independent and unbiased professional. Although there are so many auditing and assurance services our firm provide, I would explain a few and the popular once we have. First we do have the audit of
Words: 1204 - Pages: 5
independence and requires additional disclosures to investors of public companies about the services provided by the independent accounting firms that are hired to audit the companies. The American Institute of Certified Public Accountants (AICPA) Code of Professional Conduct has required accountants who perform attest services to be independent of their clients. The Sarbanes-Oxley Act lists the services that auditors can no longer provide to audit clients in Title II. The reasoning for this is that
Words: 1180 - Pages: 5
AUO1 – Auditing and Information Systems Additional Study Questions Accounting Information Systems Competency 302.1.1: Nature and Purpose The student understands the nature and purpose of information systems. * What is the difference between transaction processing systems, management information systems, and decision support systems? Transaction processing systems - document financial activities Management information systems - used to collect qualitative as well as quantitative information
Words: 12321 - Pages: 50
