Questions from Accounting Ethics

Q: Explain how the intent requirement of the legal principle of scienter relates

Explain how the intent requirement of the legal principle of scienter relates to ethical standards of behavior discussed in previous chapters.

Q: Under what circumstances might an auditor be held legally liable for negligent

Under what circumstances might an auditor be held legally liable for negligent representation versus a fraudulent misrepresentation based on court rulings discussed in the chapter? Include in your dis...

Q: During a particularly stimulating lecture by your accounting ethics professor on accountants’

During a particularly stimulating lecture by your accounting ethics professor on accountants’ legal liabilities, the following question was posed: Assume you are a CPA and have just been sued by a thi...

Q: Is there a difference between an error in financial statements, fraud

Is there a difference between an error in financial statements, fraud, and negligence from a reasonable care perspective? Give examples of each of your response. How would these events affect accounta...

Q: Describe the possible entities that may sue an auditor and the possible

Describe the possible entities that may sue an auditor and the possible reasons for a lawsuit.

Q: Tinseltown Construction just received a $2.6 billion contract to

Tinseltown Construction just received a $2.6 billion contract to construct a modern football stadiumfor the L.A. Rams and San Diego Chargers at the L.A. Sports and Entertainment District. The company...

Q: What is the comparative negligence defense? When can it shield auditors

What is the comparative negligence defense? When can it shield auditors from legal liability for their actions?

Q: David Starr Jordan (1851–1931), an educator and writer

David Starr Jordan (1851–1931), an educator and writer, said, “Wisdom is knowing what to do next; virtue is doing it.” Explain the meaning of this phrase as you see it.

Q: Answer the following with regard to egoism. (a) Do

Answer the following with regard to egoism. (a) Do you think it is the same to act in your own self-interest as it is to act in a selfish way? (b) Do you think “enlightened self-interest” is a contrad...

Q: What does the term "civility" mean to you? Do

What does the term "civility" mean to you? Do you think it is civil behavior to shout down a speaker with whom you do not agree? What about cancelling someone because you don't agree with their messag...