Questions from Accounting Ethics


Q: You are the Controller for Mountain Manufacturing which produces specialized components used

You are the Controller for Mountain Manufacturing which produces specialized components used in the manufacturing of cell phones sold by Apple, Motorola, and Samsung. The company is located in Southgl...

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Q: “I’m sorry, Jen. That’s the client's position,” Travis

“I’m sorry, Jen. That’s the client's position,” Travis said. “I just don’t know if I can go along with it, Travis,” Jen replied. “I know. I agree with you. But, Chefs Delight is our biggest client, J...

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Q: Leaving home for the first time and going off to college is

Leaving home for the first time and going off to college is an exciting and stressful time for tens of thousands of students across the U.S. each year. Leaving the familiarity of family, friends and c...

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Q: Needles talks about the use of a continuum ranging from questionable or

Needles talks about the use of a continuum ranging from questionable or highly conservative to fraud to assess the amount to be recorded from for an estimated expense. Do you believe that the choice o...

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Q: What prompted partners at KPMG to facilitate cheating on internal training exams

What prompted partners at KPMG to facilitate cheating on internal training exams? In 2018, Timothy Daly, a former lead engagement partner, solicited and received questions and answers to the examinati...

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Q: What possessed a CEO to hype a product that didn’t work and

What possessed a CEO to hype a product that didn’t work and lie to financial institutions, pharmacies, the government, and the public about it? Is it hubris; plain and simple? Or was there something n...

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Q: John Stanton, CPA, is a seasoned accountant who left his

John Stanton, CPA, is a seasoned accountant who left his Big-4 CPA firm Senior Manager position to become the CFO of a highly successful hundred million-dollar publicly-held manufacturer of solar pane...

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Q: On September 8, 2016, Wells Fargo announced it was paying

On September 8, 2016, Wells Fargo announced it was paying $185 million in fines to Los Angeles city and federal regulators to settle allegations that its employees created millions of fake bank accoun...

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Q: In 2005, Tony Menendez, a former Ernst & Young LLP

In 2005, Tony Menendez, a former Ernst & Young LLP auditor and Director of Technical Accounting and Research Training for Halliburton, blew the whistle on Halliburton’s accounting practices. The fight...

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Q: Jerry Maloney, CPA has been working at Mason Pharmaceuticals for fifteen

Jerry Maloney, CPA has been working at Mason Pharmaceuticals for fifteen years. Mason is a Fortune 1000 company whose stock trades on the New York Stock Exchange. He came to Mason after starting his c...

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