Questions from Business Ethics

Q: Which would you chose as the key idea for ethical behavior in

Which would you chose as the key idea for ethical behavior in the accounting profession: “Protect the public interest” or “Protect the credibility of the profession”? Why?

Q: Why is maintaining the confidentiality of client or employer matters essential to

Why is maintaining the confidentiality of client or employer matters essential to the effectiveness of the audit or accountant relationship?

Q: What is the difference between exercising “due care” and “

What is the difference between exercising “due care” and “exercising professional skepticism”?

Q: Why did the SEC ban certain nonaudit services from being offered to

Why did the SEC ban certain nonaudit services from being offered to SEC-registrant audit clients even though it has been possible to effectively manage such conflict of interest situations?

Q: In what ways do ethics risk and opportunity management as described in

In what ways do ethics risk and opportunity management as described in this chapter go beyond the scope of traditional risk management?

Q: Should a North American corporation operating abroad respect each foreign culture encountered

Should a North American corporation operating abroad respect each foreign culture encountered, or insist that all employees and agents follow only one corporate culture?

Q: What should a North American company do in a foreign country where

What should a North American company do in a foreign country where women are regarded as secondary to men, and are not allowed to negotiate contracts or undertake senior corporate positions?

Q: How would you advise your company’s personnel to act with regard to

How would you advise your company’s personnel to act with regard to expectations of guanxi in China?

Q: Why should ethical decision making be incorporated into crisis management?

Why should ethical decision making be incorporated into crisis management?

Q: If a corporation’s governance process does not involve ethics risk management,

If a corporation’s governance process does not involve ethics risk management, what unfortunate consequences might befall a corporation?