Key Principle requiring that accountants choose what is right and just over what is wrong.
What is INTEGRITY
100
This committee plays an important role in developing and enforcing ethical processes.
What is ETHICS COMMITTEE
100
Sarbanes-Oxley Act has this three letter acronym that is commonly used.
What is SOX.
100
Accountants play a major role in the operation, management and development of business. They can face many ethical (blanks).
What is ethical DILEMMAS.
200
This refers to the policies and practices that reflect a company's core values.
What is BUSINESS ETHICS
200
Key Principle requires that accountants be impartial, honest and free of conflicts of interest when forming professional judgements.
What is OBJECTIVITY
200
This employee is directly responsible for creating business conduct programs, evaluating performance and enforcing standards of conduct.
What is ETHICS OFFICER
200
SOX requires four groups specifically to comply with new regulations and procedures. They are CEO's, Financial Officers, Accountants, and (Blank).
What is AUDITING FIRMS.
200
The actions and behaviors of accountants play a critical role in the maintenance of public (blank) in the business community.
What is public TRUST.
300
Honesty, trust, respect, and fairness can refer to a company's (BLANK) values.
What is CORE values
300
Key Principle that accountants not have any financial interest in or a loan from a company he or she is auditing.
What is INDEPENDENCE
300
Code of Ethics will most always address the topic of Conflict of (Blank).
What is Conflict of INTEREST.
300
SOX established an (Blank) Board to oversee and investigate the audits and auditors of public companies.
What is an ACCOUNTING Board.
300
In general, accountants should focus on 4 guidelines to their practice, known as ethical goals. Avoiding harm to (Blank) is one.
What is avoiding harm to STOCKHOLDERS.
400
Ethics deals with Right and Wrong, Justice and Crime, Good and Evil, Virtue and (Blank).
What is VICE
400
Key Principle refers to the knowledge, skills, and experience needed to complete a task. Accountants must only perform services they are skilled in.
What is COMPETENCE
400
A discussion of ethical performance should consider the relationship between (blank) and ethics.
What is LAW and ethics.
400
Paul Sarbanes and Michael Oxley were co-sponsors of SOX. What political positions did Paul and Michael hold respectively.
What is US SENATOR & US REPRESENTATIVE
400
Optimizing the interests of the (blank) is another ethical guideline for accountants.
What is interest of the PUBLIC.
500
Formal policy of rules and guidelines that describes the standards of conduct that a company expects from all its employees.
What is CODE of ETHICS
500
Key Principle where Accountants who acquire information in the course of work protect it and not disclose it without the appropriate legal or professional responsibility and never for personal gain.
What is CONFIDENTIALITY
500
With the phrase "actions speak louder than words", a person learns standards and values by observing what others (blank), NOT by what they (blank).
What is "observing what others DO, not by what they SAY.
500
PCAOB is the acronym of the oversight board created by SOX to oversee the activity of the auditing profession. PCAOB stands for...
What is PUBLIC COMPANY ACCOUNTING OVERSIGHT BOARD.
500
Specific responsibilities of the accounting profession are expressed in the various (blanks) created by major organizations.