Questions from Accounting Ethics

Q: Mark Twain once said, “If you tell the truth,

Mark Twain once said, “If you tell the truth, you don’t have to remember anything.” Explain what you think Twain meant by this statement and how it addresses one’s character.

Q: One expression in particular seems to sum up why the accounting frauds

One expression in particular seems to sum up why the accounting frauds at companies such as Enron, WorldCom, and HealthSouth were allowed to persist for so long: “If I Do It, I Must Do It Again.” Expl...

Q: Sharon Watkins regrets not taking more action back in 1996 when she

Sharon Watkins regrets not taking more action back in 1996 when she first concluded that Enron’s accounting might not be in accordance with GAAP. Please explain how GVV training might have helped her...

Q: How do reasons and rationalizations of GVV influence the culture of the

How do reasons and rationalizations of GVV influence the culture of the organization?

Q: Explain how an overconfidence bias might influence an auditor’s judgment about the

Explain how an overconfidence bias might influence an auditor’s judgment about the proper balance sheet value of inventory.

Q: Explain what you think each of the following statements means in the

Explain what you think each of the following statements means in the context of moral development. a. How far are you willing to go to do the right thing? b. How much are you willing to give up to do...

Q: Do you believe all sexual relationships should be forbidden in the workplace

Do you believe all sexual relationships should be forbidden in the workplace? Use ethical reasoning to support your view.

Q: Discuss the revenue recognition and internal control challenges when a company uses

Discuss the revenue recognition and internal control challenges when a company uses cloud computing.

Q: How do you assess at what stage of moral development in Kohlberg’s

How do you assess at what stage of moral development in Kohlberg’s model you reason at in making decisions? Do you believe your level of reasoning is consistent with what is expected of an accounting...

Q: In her book The Seven Signs of Ethical Collapse, Jennings explains

In her book The Seven Signs of Ethical Collapse, Jennings explains: “When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms,...