Question 1

The stakeholder view emphasizes the obligations of management to:

Accepted Answer

A)  The shareholders 
B)  The shareholders and creditors 
C)  All parties impacted by corporate decisions in a significant way 
D)  The board of directors 
A)  The shareholders 
B)  The shareholders and creditors 
C)  All parties impacted by corporate decisions in a significant way 
D)  The board of directors

Question 2

A troubling result of the 2013 National Business Ethics Survey is:

Accepted Answer

A)  Decreased witnessing of misconduct in the workplace 
B)  Decline in pressure to compromise ethics 
C)  No change in the likelihood to report misconduct 
D)  a high percentage of misconduct is conducted by management 
A)  Decreased witnessing of misconduct in the workplace 
B)  Decline in pressure to compromise ethics 
C)  No change in the likelihood to report misconduct 
D)  a high percentage of misconduct is conducted by management

Question 3

Section 404 of the Sarbanes-Oxley Act requires

Accepted Answer

A)  The establishment of procedures to accept employee complaints 
B)  The principle executive to certify that they have reviewed the financial statements 
C)  A report of the company's internal control over financial reporting 
D)  Code of ethics requirements for senior officers 
A)  The establishment of procedures to accept employee complaints 
B)  The principle executive to certify that they have reviewed the financial statements 
C)  A report of the company's internal control over financial reporting 
D)  Code of ethics requirements for senior officers

Question 4

Which of the following is not a fraud method to overstate revenues?

Accepted Answer

A)  Recording future sales in the current period 
B)  Recording sales of products that are out on consignment 
C)  Recording sales based on F.O.B. shipping point 
D)  Recording revenues of other companies by acting as a middleman 
A)  Recording future sales in the current period 
B)  Recording sales of products that are out on consignment 
C)  Recording sales based on F.O.B. shipping point 
D)  Recording revenues of other companies by acting as a middleman

Question 5

The role of a leader in an organization is to:

Accepted Answer

A)  Establish principles and standards of behavior that guide business decisions 
B)  Enforce violations of code rules of conduct 
C)  Determine organizational climate and define norms 
D)  Develop the principles and strategic initiatives to guide ethical action 
A)  Establish principles and standards of behavior that guide business decisions 
B)  Enforce violations of code rules of conduct 
C)  Determine organizational climate and define norms 
D)  Develop the principles and strategic initiatives to guide ethical action

Question 6

What non GAAP accounting method did Tony Menendez cite in blowing the whistle on Halliburton?

Accepted Answer

A)  Recording sales that lack economic substance 
B)  Failing to write off impaired assets 
C)  Bill and hold revenue recognition 
D)  Releasing cookie jar reserves to smooth income 
A)  Recording sales that lack economic substance 
B)  Failing to write off impaired assets 
C)  Bill and hold revenue recognition 
D)  Releasing cookie jar reserves to smooth income

Question 7

The reporting requirements for fraud are detailed in Section 10A of the Securities Exchange Act of 1934. Which of the following steps are NOT part of a prescribed process that should be followed in deciding whether to report fraud?

Accepted Answer

A)  Determine who is responsible for the fraud. 
B)  Determine whether the violations have a material effect, quantitatively or qualitatively, on the financial statements. 
C)  Determine whether appropriate remedial action has been taken. 
D)  Determine whether reporting to the SEC is necessary. 
A)  Determine who is responsible for the fraud. 
B)  Determine whether the violations have a material effect, quantitatively or qualitatively, on the financial statements. 
C)  Determine whether appropriate remedial action has been taken. 
D)  Determine whether reporting to the SEC is necessary.

Question 8

An example of revenue overstatement is:

Accepted Answer

A)  Manipulating reserves 
B)  Recording gross, rather than net, revenue 
C)  Reporting cost of sales as a non-operating expense 
D)  Deferring revenue 
A)  Manipulating reserves 
B)  Recording gross, rather than net, revenue 
C)  Reporting cost of sales as a non-operating expense 
D)  Deferring revenue

The stakeholder view emphasizes the obligations of management to:

A troubling result of the 2013 National Business Ethics Survey is:

Section 404 of the Sarbanes-Oxley Act requires

Which of the following is not a fraud method to overstate revenues?

The role of a leader in an organization is to:

What non GAAP accounting method did Tony Menendez cite in blowing the whistle on Halliburton?

The reporting requirements for fraud are detailed in Section 10A of the Securities Exchange Act of 1934. Which of the following steps are NOT part of a prescribed process that should be followed in deciding whether to report fraud?

An example of revenue overstatement is:

Ethical Reasoning: Implications for Accounting

Cognitive Processes and Ethical Decision Making in Accounting

Ethics and Professional Judgment in Accounting

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

Earnings Management

Ethical Leadership and Decision-Making in Accounting

Filters

Exam 3: Organizational Ethics and Corporate Governance

The stakeholder view emphasizes the obligations of management to:

A troubling result of the 2013 National Business Ethics Survey is:

Section 404 of the Sarbanes-Oxley Act requires

Which of the following is not a fraud method to overstate revenues?

The role of a leader in an organization is to:

What non GAAP accounting method did Tony Menendez cite in blowing the whistle on Halliburton?

The reporting requirements for fraud are detailed in Section 10A of the Securities Exchange Act of 1934. Which of the following steps are NOT part of a prescribed process that should be followed in deciding whether to report fraud?

An example of revenue overstatement is:

Ethical Reasoning: Implications for Accounting

Cognitive Processes and Ethical Decision Making in Accounting

Ethics and Professional Judgment in Accounting

Fraud in Financial Statements and Auditor Responsibilities

Legal, Regulatory, and Professional Obligations of Auditors

Earnings Management

Ethical Leadership and Decision-Making in Accounting

Filters