Discuss the accounting ethics in brief

Assignment Help Accounting Basics
Reference no: EM131900086

Qusetion: This week we will be discussing a real-world, live example of accounting ethics. The organization where I am employed is undergoing their audit. Today was the first day of their field work. Of course, the auditors look younger and younger each year; this year however, I seem to have inherited a brand new firm with brand new auditors. In my meeting with them today as Controller, I was asked if people at my organization were happy and if I was happy. I was further asked about an ethical situation, which was largely opinion-based, and chided by the auditor when I am only 3 days into the job. So, class, what should Dr. Browning have done in this situation? What from your readings, ethical philosophies, codes of professional conduct, etc. can you bring to this discussion? Was the auditor acting unprofessionally? How should I have responded? I was so taken aback, and I quickly realized our class could learn from this encounter. Answer your question substantively (3 solid paragraphs of 5-7 sentences each) and cite course readings thus far.

Reference no: EM131900086

Questions Cloud

How can an employer monitoring policy impact communities : How can an employer Monitoring Policy impact diverse communities and explain any limitations that such a policy may need to overcome.
What factor influence rate of growth in volume of worldtrade : What are some of the major arguments for and against an open trading system? What factors influence the rate of growth in the volume of world trade?
Reasons why a landscape will change : A very well presented article on the history of the garage and how it came to be. A garage was originally used to house a leisure toy called the car.
Compare the manuscript styles that developed in this period : Compare the manuscript styles that developed in this period. All of the images of Mathew, for instance, had the same function
Discuss the accounting ethics in brief : This week we will be discussing a real-world, live example of accounting ethics. The organization where I am employed is undergoing their audit.
What methods do banks use to reduce their exposure : What methods do banks use to reduce their exposure to developing-nation debt? How can debt/equity swaps help banks reduce losses on developing-nation loans?
Was he pleased or displeased with her performance : Was he pleased or displeased with her performance? How do you know? Explain
Which of the four forecasting methods is best : As you can see in the following table, demand for heart transplant surgery at Washington General Hospital has increased steadily in the past few years.
What is meant by a reserve currency : What is meant by a reserve currency? Historically, which currencies have assumed this role? What is current role of gold in international monetary system?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd