financial reporting and accounting profession. They reinforced the importance of ethics in financial reporting and provided recommendation on accounting standard setting process. The following paper provides a brief discussion on standard setting organizations and process and the authoritative sources of accounting. This study also covers the objectives of financial reporting and its role in today’s economy and concludes that ethics will remain cornerstone of the accounting profession. Table of Contents
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Ethics and Professionalism in Accounting Accounting 411 Quiz #1 November 7, 2012 DUE ON WEDNESDAY, NOVEMBER 14, 2012 BY 11:59PM Instructions: Each question is worth 0.5 point. The quiz is worth 15 points total. It is an open-book exam. You may not consult with your classmates or the internet. Page 1 1. Deontology deals with A. Emphasizes rights of others B. Consequences of actions C. Following prescribed virtue characteristics D. Following the law as an element of ethical behavior 2
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control bad ethics and governance practices, but this is only one side of the situation. They cannot afford the loss of reputation, revenue, reliability, and credibility. Thus, they have to make sure to contribute more to ethical behavior other than what is already established by the law. To succeed, corporations must give their employees the tools for ethical behavior. Many of them have developed codes of ethics to address their unique business situations. By developing a code of ethics, an organization
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Data and E-mail Archiving 1 Data and E-mail Archiving: Legal Concerns Joel Zart Capella University TS5536-Ethics in Technology Data and E-mail Archiving 2 Table of Contents Abstract……………………………………………………………………………………Page 3 Introduction to the world of Archiving……………………………………………………Page 4 Laws and penalties associated with archiving……………………………………………..Page 5 My ethical and legal dilemma……………………………………………………………...Page 6 Ethical dilemmas in archiving……………………………………………………………...Page 6 Process of identifying
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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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in criminal trials for fraud. In the HealthSouth case in observation, real life examples of people who were "just doing their job" but at some point crossed the line from law-abiding citizens to law-breaking villains. Seemingly small compromises in ethics and morality led to a full-scale commitment to fraud. Finally, we will conclude that nobody sets out in their career to end up in prison cleaning toilets and on the front page of the Wall Street Journal after they are arrested for fraud. At some point
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(1) What is the point at which a legal agreement is said to have occurred? Intend to contract. (2) What is the difference between an enforceable, unenforceable, express and implied contract? Unenforceable Agreement occurs when the parties intend to form a valid bar-gain but a court declares that some rule of law prevents enforcing it. Voidable Contract Occurs when the law permits one party to terminate the agreement. Void Agreement is one that neither party can enforce, usually because the purpose
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there are several different agencies, which regulate the reporting of financial statements. These rules and regulations protect the stakeholders and public from any wrong, fraudulent reporting and unethical behavior. The main agencies are (SOX), Sarbanes and Oxley Act of 2002, (GAAP), Generally Accepted Accounting Principles and the AICPA Code of Professional Conduct. In order for Terry Reed, and his accounting team to come up with a viable solution to their reporting dilemma, they must follow the rules
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Whistleblowing and SOX Stacy Sides Professor Meheux LEG 500 January 22, 2016 Whistleblowing and SOX Describe the key characteristics of a whistleblower, and briefly summarize one researched instance of whistleblowing in one publicly traded company within the last 12 months. Include details of the issue that the whistleblower reported and the effect of the whistleblower’s actions on both the whistleblower himself and the company. Merriam-Webster’s dictionary defines a whistleblower as
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EMPLOYMENT-AT-WILL DOCTRINE Shawunda Baker STRAYER UNIVERSITY Gus Weekley, JD February 8, 2015 Employment-At-Will Doctrine Under the employment-at-will doctrine, employers have the power hire and fire employees for whatever reason. All 50 states however, have adapted statues that protect employees from wrongful termination. The theoretical philosophy laissez-faire provided the support for this legal rule. Employment at will is a legal doctrine that gives employers the freedom to terminate
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