Written Assignment 1: Ethical Behavior 1. Explain why the public expects all professionals to act ethically. The reason the public expects all professionals to act ethically is because they, the professionals, are able to carry out their duties because of public confidence. Public confidence is the trust the general public has in a person, group or profession. This public confidence is what adds value to the work the professional does. If the professional acts unethically, the professional has
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ABACUS, Vol. 42, No. 2, 2006 doi: 10.1111/j.1468-4497.2006.00196.x ABACUS PRINCIPLES ORIGINAL ARTICLE 2 42 © 2006 0001-3072Publishing, Ltd. Abacus UK VERSUS RULES-BASED ACCOUNTING ABA Accounting Foundation, Unviersity of Sydney Oxford, Blackwell GEORGE J. BENSTON, MICHAEL BROMWICH AND ALFRED WAGENHOFER Principles- Versus Rules-Based Accounting Standards: The FASB’s Standard Setting Strategy In response to criticism of rules-based accounting standards and Section 108(d) of the Sarbanes-Oxley
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November 21, 2012 Introductory Accounting I (BME212054) Ron Davis: ID 483865 To connect my background and experience as it relates to Introductory Accounting I in this Prior Learning Essay, I reference my learning and professional experience. • Certified Financial Planner, Investors Diversified Services, Minneapolis, MN. • 30 years of experience selling software and services to banks and credit unions. • Fair Credit Reporting Act (FCRA) Certification 2002. • Successfully completed
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Issues in Revenue Recognition CONTENT ANALYSIS OF END-OF-CHAPTER ASSIGNMENTS NUMBER TOPIC CONTENT LO ADAPTED DIFFICULTY TIME EST. AACSB AICPA BLOOM’S Q17-1 Revenue Recognition Recognition of revenue when the earnings process is not complete 1 ! Easy 5 Analytic Measurement Comprehension Q17-2 Revenue Recognition Distinguish between the accounting
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CHAPTER 1 Financial Accounting and Accounting Standards ASSIGNMENT CLASSIFICATION TABLE | | | | |Topics |Questions |Cases | |1. |Subject matter of accounting. |1, 2 |4
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to why there was an explosion in this field. With this explosion taking place of forensic accountants, the American Institute of Certified Public Accountants (AICPA) formed a committee called the Certified Financial Forensics (CFF) in which was planned to award 900 credentials by the end of 2008. In was said that by the end of 2009 the AICPA rewarded 3,500 CFF certifications. Through research and the readings, I think it is simple to say that no one ever wanted to see a repeat such as the Enron and
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development of GAAP, such as the Securities and Exchange Commission (SEC), the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standard Board (FASB) and the Government Accounting Standard Board (GASB). The SEC helps to develop and standardize financial Information for the stockholders under the Securities and Exchange Act of 1933 and 1934. The AICPA contributes with committees and boards. FASB establishes and improves standards of financials accounting and reporting for
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practice public accounting in order to protect the public. This brochure contains important information. Do not discard before receiving your examination results. Visit NASBA’s website to download additional copies of this document. © 2012 NASBA, AICPA, and Prometric. All rights reserved. Page ii UNIFORM CPA EXAMINATION CANDIDATE BULLETIN TABLE OF CONTENTS PREFACE ............................................................................................................................
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Introduction Authored in the wake of the Enron and WorldCom scandal, The Sarbanes-Oxley Act was enacted in 2002, to keep public entities from committing fraudulent financial practices. The name Sarbanes-Oxley derives from former Senator Paul Sarbanes and former Representative Michael Oxley. “The Sarbanes-Oxley Act (SOX) was signed into law by President Bush on July 30, 2002, and created a new private sector, nonprofit corporation-the Public Company Accounting Oversight Board (PCAOB)-to oversee
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Running head: ACCOUNTING ETHICS: DIFFERENCES BETWEEN DEONTOLOGY AND UTILITARIANISM Accounting Ethics: Differences between Deontology and Utilitarianism Yaa Mendez Liberty University Outline: Introduction with thesis Deontology: definition, concepts Utilitarianism: definition, concepts Similarities between deontology and utilitarianism Difference between deontology and utilitarianism Conclusion In 2013, the movie, The Wolf of Wall Street portrayed the dishonest
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